The Prism Independent Poll Assessment Service

Thu 28 Apr 2016

At the very least, compliance with the strict requirements for conducting a ‘section 342 poll assessment’ could entail time and cost burden for companies at the most sensitive time in the AGM process.

At worst, the risk of failure to comply properly with the statutory provisions could result in a conviction and a fine of up to £5,000 for every director.

The AGM process is difficult enough without having to deal with last minute disruption. However, activist investors now have enhanced statutory means to do just that – and at the most critical time in the AGM planning process too.

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