Why would a shareholder nominate a proxy to attend the AGM? Provide two points.
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Answer:
An annual general meeting (AGM) is a mandatory yearly gathering of a company's interested shareholders. At an AGM, the directors of the company present an annual report containing information for shareholders about the company's performance and strategy.
Shareholders with voting rights vote on current issues, such as appointments to the company's board of directors, executive compensation, dividend payments, and the selection of auditors.Shareholders who do not attend the meeting in person may usually vote by proxy, which can be done online or by mail.
At an AGM, there is often a time set aside for shareholders to ask questions to the directors of the company.
Activist shareholders may use an AGM as an opportunity to express their concerns
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