L

Lord Fox (LD)

Speaking in the House of Lords on 23 March 2026

Debate

Companies: Online AGMs

Contribution

My Lords, if it is the Minister’s prediction that it is left up to shareholders to make the decision, the institutional shareholders will always outvote the individual shareholders. That is why individual shareholders should have their day at an AGM. When I organised AGMs for the three FTSE companies that I worked for, the chairman and I worked very hard on preparing for the questions that the awkward squad would be coming up with at those AGMs. To remove the proximity of the shareholder from the chairman is to lose that important check. Will the Minister go back and make sure that this is a firm part of the consultation?

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