Absa Group Limited has opened the floor for shareholder engagement in response to concerns raised during the company’s recent annual general meeting. The meeting, held on June 2, 2023, witnessed over 25% of votes cast against the non-binding advisory vote number 2, specifically addressing the remuneration implementation report.
As a result, Absa Group is taking proactive steps to address the concerns of its shareholders. The company has invited its shareholders to participate in a virtual call scheduled for July 14, 2023, at 13:30 South African time. The call will feature prominent figures within the organization, including Group Chairman Sello Moloko and Rose Keanly, the Chairman of the Group Remuneration Committee.
The primary objective of the virtual call is to provide shareholders with an opportunity to directly engage with Absa Group’s leadership and express their concerns or offer recommendations regarding the remuneration implementation report. This move highlights the company’s commitment to transparency and constructive dialogue with its shareholders.