On egms

Recently, I have been amazed to see shareholders in Marks & Spencer voicing their support for Stuart...

Recently, I have been amazed to see shareholders in Marks & Spencer voicing their support for Stuart Rose's appointment as chairman and chief executive. There were sound reasons for introducing the corporate governance reforms of the past few years and investors ought to be wary of allowing standards to slip. In the investment trust sector, I am always surprised by how few institutional investors bother to vote at AGMs and EGMs, even on issues that might materially affect the value of their holdings. As an example, at Eaglet's AGM last December, where a group of investors headed by Kn...