HSBC eyes digital AGM amid fears of protests > 자유게시판

HSBC has considered scrapping its in-person annual general meeting to cut costs and prevent disruption from protesters.

The banking giant discussed moving its yearly gathering of shareholders to a digital-only format to save money on leasing venues, providing refreshments and hiring security.

HSBC is also said to be considering the move to prevent its AGMs being hijacked by protesters, particularly climate activists such as Extinction Rebellion.

There is speculation the bank's gathering next Friday may be its last in-person AGM, the Financial Times reported.




Online only: HSBC has considered scrapping its in-person annual general meeting to cut costs and prevent disruption from protesters





RELATED ARTICLES

Previous

1

Next



Don't turn up! Big firms bar investors from AGMs Building society boss is paid £5.7million in just two years,...



Share this article

Share



HOW THIS IS MONEY CAN HELP

How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account



HSBC has denied it is considering removing the option for investors to attend the meetings in person.

Climate protesters have targeted the bank on multiple occasions, interrupting chairman Mark Tucker's speech in 2022.

Drugs giant AstraZeneca, toothpaste maker Haleon and building society Nationwide have made their AGMs online-only.

But critics of the move say the trend violates a key principle and shareholder democracy.



DIY INVESTING PLATFORMS





AJ Bell




AJ Bell

Easy investing and ready-made portfolios

Learn More



Learn More






Hargreaves Lansdown




Hargreaves Lansdown

Free fund dealing and investment ideas

Learn More



Learn More






interactive investor




interactive investor

Flat-fee investing from £4.99 per month

Learn More



Learn More






InvestEngine




InvestEngine

Account and trading fee-free ETF investing

Learn More



Learn More






Trading 212




Trading 212

Free share dealing and no account fee

Learn More



Learn More



Affiliate links: student loan refinancing If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you