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No room for denial – but welcome room for shareholders from other countries.
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The board’s claims regarding adherence to global environmental impact and human rights standards were challenged for almost an hour. Image: Moneyweb
An unprecedented 32% of shareholders attending Standard Bank’s AGM on Thursday voted against the reappointment of chair Thulani Gcabashe.
While some shareholders expressed concerns about Gcabshe’s 18 years on the board, others said the vote might also reflect concerns about the board’s initial refusal to engage with a group of fund managers and shareholder activist organisations that had wanted to submit a non-binding advisory resolution to the AGM. ....

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