Shareholder activism is forcing the senior management of public companies to become more open and better skilled at communicating with their institutional shareholders. This is the view of Co-operative Asset Management’s Abigail Herron, speaking last week at the CIPR Reputation Management conference in Manchester.
Herron, who is herself no stranger to calling the boards of public companies to account, cited the recent case whereby investors have successfully tabled questions at the forthcoming Shell Annual General Meeting in May about its approach to Canada’s tar sands.
In the past 12 months protests from vocal shareholders have resulted in the remuneration proposals for senior executives to be rejected at Provident Financial, Bellway, Shell, Punch and Royal Bank of Scotland.
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