We have come to the annual general meeting (AGM) season once again.
Source: South Park | Giphy
Companies with a financial year that ended on 31 December 2020 will be holding their AGMs (be it physical, virtual, or hybrid ones) around this time.
Attending AGMs is one of the ways for shareholders to evaluate the management of a company, an important aspect when it comes to stock-picking.
Warren Buffett once said that when evaluating people, we have to look for three qualities: integrity, intelligence, and energy. He added that “if you don’t have the first, the other two will kill you”.
We can get clues of whether a company’s management has integrity through their behaviours or by observing how they answer certain questions during an AGM.
Here, let’s explore what investors can do during AGMs to make attending them useful and how they can use the platform to size up a company’s management....