47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 71
Strategic Report
Corporate Governance
Accounts
Key Stakeholder
Form of Engagement
How This Stakeholder Group Influenced Board/Committee Discussions and Decisions
Shareholders
continued
Shareholders were invited to attend the 2024 AGM in
person. All shareholders, including private investors,
had the opportunity to submit questions in advance
of the AGM and to participate in questions and answers
with the Board at the AGM on matters relating to the
Company’s operation and performance.
We also engaged with key shareholders in relation to shaping the
Company’s ESG strategy, including the development of new ESG scorecards
and metrics to track the Company’s progress toward its sustainability goals,
ensuring alignment with investor priorities.
The Board assesses the effectiveness of engagement
with the investment community through measurement
of the number of analysts following the Company and
the number of meetings held with investors and analysts.
We engaged with key shareholders during the year in relation to the
Company’s new long term strategy, including the Company’s capital
allocation strategy. Feedback from shareholders directly influenced the
Board’s review of the Company’s capital allocation strategy and capital
expenditure during the year. In line with the strategy, the Board approved
significant investments, including further phases of the multi-year asset line
replacement and expansion programme at our Cumbernauld factory and
approved the initial phases of a multi-year asset replacement and
expansion programme at our Milton Keynes factory.
We engaged with key shareholders during the year in relation to the Chief
Finance and Operating Officer’s remuneration. This included the Chair of
the Remuneration Committee writing to all major shareholders setting out
the proposals and rationale for adjusting his remuneration, including an
exceptional base salary increase in recognition of his expanded role and
the alignment of his pension contributions with those available to the wider
workforce effective from 1 April 2025. This addressed a legacy contractual
issue and ensures that the pension contributions for all executive directors
will be aligned to those available to the wider workforce. Having reflected
on the feedback received from shareholders, the Remuneration Committee
is satisfied that it acted in the best interests of the Company and all of its
stakeholders. The Company will continue to engage with its shareholders
on executive directors’ remuneration going forward.
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