The Bonn-based group held its shareholders’ meeting this year in person.
(Photo: dpa)
Frankfurt From an investor’s point of view, equity culture is being given a poor rating this week. With Munich Re, RWE, BASF, Mercedes Benz, Continental and Bayer, several large companies are holding their digital shareholder meetings on Thursday and Friday. Investors with these papers who want to exercise their rights must therefore be prepared to multitask.
Hendrik Schmidt, Senior Investment Stewardship Specialist at the asset manager DWS, has little understanding for this concentration of general meetings (AGM). It is extremely bad for shareholder culture. And: “It is also a contempt for shareholder meetings in virtual space.”
But anger is not only spreading because of the HV concentration. Professional investors – who often represent small investors during shareholder meetings – also generally struggle with the instrument of the virtual general meeting.
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