Submitted by: The Two Sides Team January 9, 2011
The UK Shareholders Association (UKSA) has vowed to fight proposals to abolish the requirement for companies to produce hard copies of their annual reports.
(By Louise Armitstead, Daily Telegraph, 08 Jan 2011) Eric Chaytor, director of UKSA, said: “We are furious about this and will take steps to vigorously oppose [it]. It’s not just the small investors who don’t use the internet who will be affected. Plenty who are online still like to read the report in paper and bring it to the annual meeting as a reference.