Our goals align with the Government’s vision of creating a thriving enterprise economy that is driven by digital innovation and supported by accessible equity markets. However, we also recognise that achieving this objective will require comprehensive modifications to UK company law, which has remained largely stagnant for almost 40 years.
Together, with Marks & Spencer, the UK Shareholders’ Association and ShareSoc, we are proposing to modernise the UK Companies Act 2006, through increased digitisation, to allow shareholders and companies to reconnect.
Digital transformation can help us to ensure we have public equity markets that are democratic and conducive to growth, as well as fit for the digital age that we are in.
Small and mid-cap companies will benefit from this campaign in particular, helping to breakdown barriers to shareholder communication and engagement.
The proposed measures include:
- Increasing two-way dialogue between companies and their shareholders
- A standardised technology solution across the sector
- Digital communications as default
- Removal of requirement of hard copies
- Recognition of digital AGMs
We believe that modernising the UK’s system is a vital step to achieving a thriving enterprise economy, supporting the growth of our sector. Digital transformation will help democratise shareholding, enhance shareholder engagement, and facilitate more efficient markets.
To read the letter sent to Business Secretary Kemi Badenoch, click here.
We urge the government to consider our proposals as it embarks on its mission to modernise the UK’s shareholding framework.
Please join our campaign and add your name to the petition.
Every signature helps.