Just Share has published a round-up of the JSE Group Limited’s AGM, which took place on 7 May 2024.
Key takeaways
- The JSE’s annual general meeting (AGM) was conducted effectively with no issues that might raise concerns about compliance with section 63(2)(b) of the Companies Act, 2008, which permits electronic AGMs:
“as long as the electronic communication employed ordinarily enables all persons participating in that meeting to communicate concurrently with each other without an intermediary, and to participate reasonably effectively in the meeting.”
- The board and executive management team faced questions from several shareholders, including in relation to delistings, the composition of the board, and high non-executive director fees.
- In response to questions from Just Share, the JSE:
- Committed to continue to educate issuers on and monitor uptake of its Sustainability and Climate Disclosure Guidance, which will be updated by June to integrate requirements set out in IFRS S1 and IFRS S21 .
- Insisted that the setting of transformation targets for board race and gender composition is voluntary, despite contrary indications in the Listings Requirements.
- Explained why the wage reported as that paid to its lowest-paid workers has decreased since 2023 but did not disclose the nature of the role/s to which this wage applies.
IMAGE: 123RF
