Data also revealed that younger investors are more likely to wish to have a say in the decision-making process than older investors. The survey found that 80% of those aged between 18-34 and 50% of those 55 and older wanted to vote in AGMs.
It is interesting that 79% are likely vote if they have invested for 3-5 years. However, investors who have more than 20-years of investing experience are less likely to vote.
eToro’s survey further revealed that the issues which make investors most likely to vote were dividends, executive pay and climate strategy with 49%, 33% and 28%, respectively.
Yoni Assia, added:
Retail investors clearly have a strong desire to take part in AGMs. We look forward to seeing how eToro clients interact with this feature.
Martin Koopman, President, Bank Broker/Dealer Investor Communication Solutions Broadridge said:
A significant rise in retail investors has led to a shift in the demand for shareholder engagement. Retail investors are increasingly looking to engage with companies in their portfolios through voting.