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Why Fidelity International is doing more than just voting at this year’s AGM season

Racking up votes against management does not always mean better stewardship

Can investors really make a difference at the ballot box?
Can investors really make a difference at the ballot box? Photo: Getty Images

Emilie Goodall is head of stewardship for Europe at Fidelity International

Voting at company shareholder meetings is perhaps the most direct way an investor can make their voice heard and exercise responsible stewardship. Because dissent levels are relatively low — around 4% on average at European companies — even a modest level of opposition can lead to action by a board.

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