Equity Culture

Tel: +44 (0)7956 691 104

  • Home
  • About Us
  • Board Evaluations
  • Regulatory Compliance
  • Clients and Case-Studies
  • Noticeboard
  • Blog
  • Contact Us

Health & Safety narratives in AGM Statements

19th January 2016 4 Comments

A FTSE SMALL CAP Group Company Secretary writes...

Do listed companies tend to have a H&S narrative in their AGM Statement and/or where applicable in their AGM presentations?

We were asked at our recent AGM why there had been no mention of a serious H&S incident in the AGM Statement/Presentation (but the incident had occurred 11 months before the AGM and had been covered in the Annual Report produced and released in December).  The financial impact of the incident and subsequent investigation, whilst significant at a local and personal level, was not material from a Group perspective.

Are we out of step in not reporting it again and is there an expectation from shareholders to report these matters at the AGM?

Leave a Reply Cancel reply

Only your comment and indication of company type will be published

Comments

  1. FTSE100 said

    20th January 2016 at 4:29 pm

    If covered in AR, properly disclosed and not an ongoing issue, I’d suggest no need to report again at AGM. Shareholders can ask about such an incident and learnings / changes in processes etc but that’s different.

    • FTSE250 said

      20th January 2016 at 3:44 pm

      We would not seek to refer to such an old issue, unless there had been a very recent and relevant development eg a prosecution. Our AGM presentation is largely a re-hash of what is given to analysts on the day of the prelims, updated to refer to current trading, which statement is usually released to the market the day before the AGM (to give the CEO and FD chance to deal with any analyst queries that arise.

      • FTSE250 said

        20th January 2016 at 1:47 pm

        I don’t think you are out of step. Your AGM announcement will be analysed for evidence of future performance expectations, as much as current trading.
        If this incident, whilst serious, did not have a significant impact on the reported results and future performance then including it will only serve to make shareholders question why you have done so.
        This is different to referring to it, and any resulting changes to operations, in the CEO’s presentation of the last year’s performance. But that would only be if it is deemed to be of significance (including reputational) by the Board.

        • FTSE100 said

          20th January 2016 at 1:29 pm

          You are not out of step and we follow the same practice.

          Sections

          • Home
          • About Us
          • Board Evaluations
          • Regulatory Compliance
          • Clients and Case-Studies
          • Noticeboard
          • Blog
          • Contact Us

          Recent Notices

          • How often does your Board meet?

            How often does your Board meet?

            29th April 2025
          • Know Your Customer & Ultimate Beneficial Owner requests

            Know Your Customer & Ultimate Beneficial Owner requests

            28th March 2025
          • The Market Abuse Regulations (MAR) & Insider Dealing training

            The Market Abuse Regulations (MAR) & Insider Dealing training

            28th March 2025
          • Reviewing and updating our Board skills matrix

            Reviewing and updating our Board skills matrix

            24th February 2025
          • Do any companies pay to access their Glass Lewis report?

            Do any companies pay to access their Glass Lewis report?

            11th February 2025

          Contact EquityCulture

          Address:

          89 Kesteven Way,
          Corby,
          Northamptonshire
          NN18 8GF

          Registered in England and Wales No. 06008649.

          • Blog
          • UK Board Evaluations
          • UK Corporate Governance

          © 2025 EquityCulture | Site Designed & Built by Midland Tech