| The company communicates regularly with its shareholders and facilitates the participation of shareholders during general meetings and other dialogues to allow shareholders to communicate their views on various matters affecting the company. |
Shareholders are individuals and institutions that own shares in the company.
Accountability to shareholders is usually at the core of any properly devised corporate governance framework. Certainly, shareholders are becoming more active and vocal about their rights and, increasingly, Boards find themselves having to respond more effectively to their demands and concerns.
The Provisions describe:
- The communication which should take place between the Board and all shareholders (Provision 12.1).
- The need for an effective investor relations policy (Provision 12.2).
- The mechanisms by which shareholders can communicate their queries (Provision 12.3).
Provision 12.1
The company provides avenues for communication between the Board and all shareholders, and discloses in its annual report the steps taken to solicit and understand the views of shareholders.
Provision 12.2
The company has in place an investor relations policy which allows for an ongoing exchange of views so as to actively engage and promote regular, effective and fair communication with shareholders.
Provision 12.3
The company’s investor relations policy sets out the mechanism through which shareholders may contact the company with questions and through which the company may respond to such questions.