{"id":22907,"date":"2025-12-03T07:37:10","date_gmt":"2025-12-03T07:37:10","guid":{"rendered":"https:\/\/farient.com\/?p=22907"},"modified":"2025-12-03T20:19:16","modified_gmt":"2025-12-03T20:19:16","slug":"governance-in-motion-important-updates-shaping-the-2026-agm-season","status":"publish","type":"post","link":"https:\/\/farient.com\/uk\/2025\/12\/03\/governance-in-motion-important-updates-shaping-the-2026-agm-season\/","title":{"rendered":"Governance in Motion: Important Updates Shaping the 2026 AGM Season"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-22908 size-full\" src=\"https:\/\/farient.com\/wp-content\/uploads\/2025\/12\/Farient-UK-Briefings-Header.png\" alt=\"\" width=\"1200\" height=\"397\" srcset=\"https:\/\/farient.com\/wp-content\/uploads\/2025\/12\/Farient-UK-Briefings-Header.png 1200w, https:\/\/farient.com\/wp-content\/uploads\/2025\/12\/Farient-UK-Briefings-Header-300x99.png 300w, https:\/\/farient.com\/wp-content\/uploads\/2025\/12\/Farient-UK-Briefings-Header-1024x339.png 1024w, https:\/\/farient.com\/wp-content\/uploads\/2025\/12\/Farient-UK-Briefings-Header-768x254.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>It has been a busy month for governance news, with a number of proxy advisors and regulators recently releasing updates, offering insights into the approach and perspectives on the upcoming AGM season. This is set against the backdrop of the ongoing debate around the competitiveness of the UK market that influenced the significant changes witnessed as part of the 2025 AGM season (read more in our recent <strong><a href=\"https:\/\/farient.com\/uk\/2025\/10\/08\/a-deeper-dive-into-the-2025-agm-season\/\" target=\"_blank\" rel=\"noopener\"><em>Deeper Dive into the 2025 AGM Season<\/em><\/a><\/strong>).<\/p>\n<p>In general, these updates continue to encourage flexibility and a move away from overly prescriptive approaches. However, there is an increased focus on ensuring there is a well-considered \u2013 and transparent \u2013 rationale surrounding any proposed changes, rather than boilerplate language which isn\u2019t seen as specific to company circumstances.<\/p>\n<p>High-level summaries of recent updates are set out below.<\/p>\n<p><!-- BOX 1: IA update + Farient commentary --><\/p>\n<div style=\"border: 1px solid #dddddd; padding: 20px; margin: 24px 0; border-radius: 4px; background-color: #f9fafb;\">\n<h2 style=\"margin-top: 0; font-size: 1.25rem;\"><strong>The Investment Association (\u201cthe IA\u201d) made no changes to the Principles of Remuneration. However, in the IA\u2019s letter to Remuneration Committee Chairs, the following areas were highlighted<\/strong>:<\/h2>\n<ul>\n<li><strong>Rationales<\/strong> should be tailored, avoid boilerplate language, and clearly describe why the proposals are right for the business<\/li>\n<li><strong>Benchmarking<\/strong> should be robust, transparent, contextualised, and consider pay for performance. Market practice alone is not enough to justify an increase<\/li>\n<li><strong>Hybrid schemes<\/strong> should be backed by a strong link to strategy and are generally only considered appropriate where there is a significant US footprint and\/or competition for global talent<\/li>\n<li><strong>Bonus deferral<\/strong> can be reduced once shareholding guidelines are met but complete removal is discouraged as it could impact the operation of malus and clawback<\/li>\n<li><strong>Discretion <\/strong>used to adjust in-flight awards is only appropriate in exceptional cases and requires robust rationale, including demonstrating how the adjusted outcome provides a strong link between pay and performance<\/li>\n<li><strong>Non-Executive Director (NED) compensation should be appropriately positioned and reflect the time commitment.<\/strong> NEDs may receive a portion of their fee in shares, but performance-related pay is inappropriate<\/li>\n<li><strong>Wider workforce and stakeholder impacts<\/strong> should be considered by remuneration committees when determining executive pay, particularly amid ongoing economic and geopolitical uncertainties<\/li>\n<li><strong>Improving consultation with shareholders<\/strong> remains important and, in support, the IA will introduce initiatives that make engagement with shareholders more efficient<\/li>\n<\/ul>\n<a href=\"https:\/\/www.theia.org\/sites\/default\/files\/2025-11\/Rem%20Committee%20Chair%20letter%20FINAL%20.pdf\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none\">  Read the IA letter here <\/span><\/a>\n<p><!-- Farient commentary callout --><\/p>\n<div style=\"border-left: 4px solid #004d80; background-color: #eef4fa; padding: 12px 16px; margin-top: 18px;\">\n<p style=\"margin-top: 0; font-weight: bold;\">Farient commentary<\/p>\n<p>The letter makes it clear that the IA is concerned that proposals to date have too often been backed by benchmarking and generic comparisons to the US market. Companies will need to ensure proposals are specific to their circumstances and have a clear strategic rationale. Related disclosures should be transparent and demonstrate how the proposals are linked to the strategy and support long-term shareholder value creation.<\/p>\n<p>The letter also reiterated the importance of rewarding NEDs appropriately; a point consistently made in recent updates. Companies should ensure that NED fees are reviewed in addition to remuneration for Executive Directors. Our expectation is that there is scope to increase NED fees substantially, potentially by a factor of 150% to 200% for some companies. As part of any review, consideration should be given to paying a portion of fees in shares to increase alignment of interests with those of shareholders.<\/p>\n<\/div>\n<\/div>\n<p><!-- BOX 2: ISS update + Farient insight --><\/p>\n<div style=\"border: 1px solid #dddddd; padding: 20px; margin: 24px 0; border-radius: 4px; background-color: #f9fafb;\">\n<h2 style=\"margin-top: 0; font-size: 1.25rem;\"><strong>ISS released its 2026 benchmark policy updates, with small changes proposed to the UK and Ireland Proxy Voting Guidelines:<\/strong><\/h2>\n<p>Minor changes were proposed to the UK and Ireland Proxy Voting Guidelines, such as a clear definition of in-person shareholder meetings and the rationale for designating someone as a \u201cgood leaver\u201d<\/p>\n<a href=\"https:\/\/insights.issgovernance.com\/posts\/iss-governance-announces-2026-benchmark-policy-updates\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none\">  Read more about the changes proposed by ISS here <\/span><\/a>\n<p><!-- Farient insight callout --><\/p>\n<div style=\"border-left: 4px solid #004d80; background-color: #eef4fa; padding: 12px 16px; margin-top: 18px;\">\n<p style=\"margin-top: 0; font-weight: bold;\">Farient insight based on direct discussions with ISS<\/p>\n<p>We recently spoke to ISS and they highlighted their areas of focus for the upcoming year:<\/p>\n<ul>\n<li><strong>Clear language and meaningful justifications<\/strong>, instead of using boilerplate narrative and generic explanations<\/li>\n<li><strong>Robust and justified peer groups<\/strong>, rather than including companies only based on a common sector, particularly for those significantly larger and more complex. Peer groups should be clearly disclosed<\/li>\n<li><strong>Hybrid plans backed by strong rationale<\/strong>, instead of generic references to issues such as competitiveness. ISS still expects a discount to reflect greater certainty<\/li>\n<li><strong>Explanations of how the policy applies further down the organisation<\/strong>, instead of focusing only on executives<\/li>\n<li><strong>ISS likes to be consulted at the end of the process, once shareholder views have already been considered<\/strong>, instead of participating in shareholder consultations<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><!-- BOX 3: Glass Lewis model changes --><\/p>\n<div style=\"border: 1px solid #dddddd; padding: 20px; margin: 24px 0; border-radius: 4px; background-color: #f9fafb;\">\n<h2 style=\"margin-top: 0; font-size: 1.25rem;\"><strong>Glass Lewis is adapting its business model and has committed to changing proxy voting practices. This includes:<\/strong><\/h2>\n<ul>\n<li><strong>Tailored recommendations:<\/strong> The one-size-fits-all model no longer meets the needs of a diverse client base. Starting in 2028, Glass Lewis clients will receive bespoke recommendations that reflect individual investment philosophies and stewardship priorities<\/li>\n<li><strong>Glass Lewis will register with the US Securities and Exchange Commission as an investment adviser<\/strong> to enable regulatory oversight and improve trust<\/li>\n<\/ul>\n<a href=\"https:\/\/www.wsj.com\/opinion\/glass-lewis-is-poised-to-change-its-old-ways-proxy-voting-7f6b6d0c\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none\">  Read more about the changes here <\/span><\/a>\n<\/div>\n<p><!-- BOX 4: FTC probe into ISS & Glass Lewis --><\/p>\n<div style=\"border: 1px solid #dddddd; padding: 20px; margin: 24px 0; border-radius: 4px; background-color: #f9fafb;\">\n<h2 style=\"margin-top: 0; font-size: 1.25rem;\"><strong>The US Federal Trade Commission is investigating ISS and Glass Lewis for potential antitrust violations.<\/strong><\/h2>\n<ul>\n<li>The probe is focusing on their competitive practices and how they advise clients on controversial shareholder proposals, particularly around ESG issues<\/li>\n<li>The news comes on the heels of growing criticism from high-profile executives such as Tesla\u2019s Elon Musk and JPMorgan\u2019s Jamie Dimon, who have questioned the influence and competence of proxy advisors<\/li>\n<li>The White House is also exploring measures to limit the influence of proxy advisers in the form of at least one executive order<\/li>\n<\/ul>\n<a href=\"https:\/\/www.forbes.com\/sites\/kirkogunrinde\/2025\/11\/13\/why-these-giant-proxy-advisers-iss-glass-lewis-are-under-scrutiny-by-the-white-house-ftc\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none\">  Read more here <\/span><\/a>\n<\/div>\n<p><!-- BOX 5: UK Government Regulation Action Plan progress update --><\/p>\n<div style=\"border: 1px solid #dddddd; padding: 20px; margin: 24px 0; border-radius: 4px; background-color: #f9fafb;\">\n<h2 style=\"margin-top: 0; font-size: 1.25rem;\"><strong>Following the publication of the Regulation Action Plan in March 2025, with the aim of re-energising the regulatory system, the Government provided a six-month progress update.<\/strong><\/h2>\n<ul>\n<li>It confirms that NEDs may be paid in shares but not through those that introduce a performance-related element<\/li>\n<li>The Government also worked with the IA to discontinue its Public Register, which tracked companies that received a vote of less than 80% on any shareholder meeting resolution. This is one of the changes we called for in a recent post, <a href=\"https:\/\/farient.com\/uk\/2025\/09\/10\/farient-calls-for-overhaul-of-uk-remuneration-market\/\" target=\"_blank\" rel=\"noopener\"><strong><em>Farient Calls for Overhaul of UK Remuneration Market<\/em><\/strong><\/a><\/li>\n<li>Additionally, corporate reporting will be simplified by exempting certain private companies and subsidiaries from producing strategic and directors\u2019 reports<\/li>\n<\/ul>\n<a href=\"https:\/\/www.gov.uk\/government\/publications\/a-new-approach-to-ensure-regulators-and-regulation-support-growth\/regulation-action-plan-progress-update-and-next-steps\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none\">  Read the progress update here <\/span><\/a>\n<\/div>\n<p><!-- BOX 6: PRA & FCA remuneration rules --><\/p>\n<div style=\"border: 1px solid #dddddd; padding: 20px; margin: 24px 0; border-radius: 4px; background-color: #f9fafb;\">\n<h2 style=\"margin-top: 0; font-size: 1.25rem;\"><strong>The Prudential Regulation Authority (PRA) and the Financial Conductor Authority (FCA) published a joint policy statement on updates to the remuneration rules for UK banks, building societies, and PRA-designated investment firms, following feedback on the consultation paper from November 2024.<\/strong><\/h2>\n<p>The updates are aimed at a better alignment between the financial incentives of those with a material impact on the firm\u2019s risk profile, the long-term interests of the firm, and the UK economy. They also enhance the attractiveness of UK pay packages to Material Risk Takers (MRTs).<\/p>\n<p>The changes apply from 16 October 2025 for new performance years, with optional application to ongoing and unvested awards.<\/p>\n<ul>\n<li><strong>Easing of bonus deferral requirements<\/strong> \u2013 single deferral period of four years, with annual pro-rata vesting from grant now allowed. Deferral of 60% now only applies to variable pay above \u00a3660k, with 40% applying to lesser amounts<\/li>\n<li><strong>Removal of retention periods<\/strong> \u2013 this applies to deferred instruments; there is no change to the 12-month retention period required for upfront instruments<\/li>\n<li><strong>Change to instrument requirements<\/strong> \u2013 removing the requirement of equal splits between cash and instruments, giving firms more flexibility<\/li>\n<li><strong>Other updates<\/strong> relate to interest or dividend payments on deferred remuneration, MRT identification criteria, and increases to individual proportionality limit<\/li>\n<\/ul>\n<a href=\"https:\/\/www.bankofengland.co.uk\/prudential-regulation\/publication\/2025\/october\/ps2125-remuneration-reform\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none\">  Read the policy statement here <\/span><\/a>\n<\/div>\n<p><!-- BOX 7: FRC Stewardship Code transition guidance --><\/p>\n<div style=\"border: 1px solid #dddddd; padding: 20px; margin: 24px 0; border-radius: 4px; background-color: #f9fafb;\">\n<h2 style=\"margin-top: 0; font-size: 1.25rem;\"><strong>The FRC published guidance to help signatories transition to the updated UK Stewardship Code, effective 1 January 2026.<\/strong><\/h2>\n<ul>\n<li>The new UK Stewardship Code aims to reduce the reporting burden, increase flexibility, and streamline the principles<\/li>\n<li>To help with that transition, the FRC\u2019s publication offers practical guidelines and real-life examples of effective reporting under the 2020 Code<\/li>\n<li>Signatories can also find suggestions of what to include in their reporting and ways of explaining their selected stewardship approach<\/li>\n<\/ul>\n<a href=\"https:\/\/media.frc.org.uk\/documents\/Preparing_for_the_UK_Stewardship_Code_2026.pdf\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none\">  Read the report here <\/span><\/a>\n<\/div>\n<p><!-- BOX 8: Ofwat PRP assessment --><\/p>\n<div style=\"border: 1px solid #dddddd; padding: 20px; margin: 24px 0; border-radius: 4px; background-color: #f9fafb;\">\n<h2 style=\"margin-top: 0; font-size: 1.25rem;\"><strong>Ofwat published Performance-Related Executive Pay 2024\u201325 Assessment.<\/strong><\/h2>\n<ul>\n<li>The report from the Water Services Regulation Authority focuses on the effectiveness of the new rule on performance-related executive pay (PRP), introduced in June 2025. The rule, together with the PRP cost recovery mechanism, ensures that bonuses not meeting Ofwat\u2019s expectations are not funded by customers<\/li>\n<li>For 2024\/25, the rule was triggered by six water companies due to performance failures such as pollution incidents. All complied with the rule correctly, i.e. by not rewarding any relevant performance-related pay to their directors. This resulted in blocking more than \u00a34m of potential bonuses<\/li>\n<li>Additionally, Ofwat is consulting on new requirements for full reporting of pay received by directors from group companies<\/li>\n<\/ul>\n<a href=\"https:\/\/www.ofwat.gov.uk\/wp-content\/uploads\/2025\/11\/Performance-related-executive-pay-%E2%80%93-2024-25-assessment.pdf\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;text-shadow:none\">  Read the full assessment here <\/span><\/a>\n<\/div>\n<p><!-- Closing contact paragraph --><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"font-size: 1.25rem; margin-bottom: 16px;\">Contact our team<\/h2>\n<p>With industry-leading experts in both the UK and US, Farient is well placed to advise companies through this significant period of change. Should you wish to discuss how these updates or the general debate around the competitiveness of the UK market, could impact you based on your circumstances, please contact either <strong>Stephen Cahill<\/strong> (<a href=\"mailto:stephen.cahill@farient.com\">stephen.cahill@farient.com<\/a>), <strong>David Cohen<\/strong> (<a href=\"mailto:david.cohen@farient.com\">david.cohen@farient.com<\/a>) or <strong>Alex Styles-Morris<\/strong> (<a href=\"mailto:alex.styles-morris@farient.com\">alex.styles-morris@farient.com<\/a>).<\/p>\n<div style=\"margin-top: 32px;\">\n<div style=\"display: flex; flex-wrap: wrap; gap: 16px;\">\n<p><!-- Card 1: Stephen Cahill --><\/p>\n<div style=\"flex: 1 1 220px; border: 1px solid #dddddd; padding: 16px; border-radius: 4px; background-color: #f9fafb; text-align: center;\">\n<p><!-- Image placeholder --><\/p>\n<div><strong>Stephen Cahill<\/strong><\/div>\n<div><\/div>\n<div>\n<div style=\"margin-bottom: 12px;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-21987\" src=\"https:\/\/farient.com\/wp-content\/uploads\/2024\/12\/stephen-cahill-300x247.webp\" alt=\"\" width=\"200\" height=\"165\" srcset=\"https:\/\/farient.com\/wp-content\/uploads\/2024\/12\/stephen-cahill-300x247.webp 300w, https:\/\/farient.com\/wp-content\/uploads\/2024\/12\/stephen-cahill.webp 650w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/div>\n<p style=\"margin: 4px 0px 8px; font-size: 0.95rem;\">\ud83d\udccd 51 Moorgate, 5th Floor, London, EC2R 6LL<\/p>\n<p>\ud83d\udcde +44 7784 474845<\/p>\n<p>\ud83d\udce7 <strong style=\"font-size: 0.95rem;\"><a href=\"mailto:stephen.cahill@farient.com\">stephen.cahill@farient.com<\/a><\/strong><\/p>\n<p>\ud83d\udd0d <strong><a href=\"https:\/\/www.farient.com\/uk\" target=\"_blank\" rel=\"noopener\">farient.com\/uk<\/a><\/strong><\/p>\n<\/div>\n<\/div>\n<p><!-- Card 2: David Cohen --><\/p>\n<div style=\"flex: 1 1 220px; border: 1px solid #dddddd; padding: 16px; border-radius: 4px; background-color: #f9fafb; text-align: center;\">\n<p><!-- Image placeholder --><\/p>\n<div><strong>David Cohen<\/strong><\/div>\n<div><\/div>\n<div><!-- Replace IMAGE_URL_DAVID_HERE with actual image URL --><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-22155\" src=\"https:\/\/farient.com\/wp-content\/uploads\/2025\/01\/DC-v1-300x247.jpg\" alt=\"\" width=\"200\" height=\"165\" srcset=\"https:\/\/farient.com\/wp-content\/uploads\/2025\/01\/DC-v1-300x247.jpg 300w, https:\/\/farient.com\/wp-content\/uploads\/2025\/01\/DC-v1-1024x843.jpg 1024w, https:\/\/farient.com\/wp-content\/uploads\/2025\/01\/DC-v1-768x632.jpg 768w, https:\/\/farient.com\/wp-content\/uploads\/2025\/01\/DC-v1.jpg 1088w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/div>\n<p style=\"margin: 4px 0 8px; font-size: 0.95rem;\">\ud83d\udccd 51 Moorgate, 5th Floor, London, EC2R 6LL<br \/>\n<!-- replace with actual title --><\/p>\n<p>\ud83d\udcde +44 7909 907478<\/p>\n<p>\ud83d\udce7\u00a0<strong><a href=\"mailto:david.cohen@farient.com\">david.cohen@farient.com<\/a><\/strong><\/p>\n<p>\ud83d\udd0d <strong><a href=\"https:\/\/www.farient.com\/uk\" target=\"_blank\" rel=\"noopener\">farient.com\/uk<\/a><\/strong><\/p>\n<\/div>\n<p><!-- Card 3: Alex Styles-Morris --><\/p>\n<div style=\"flex: 1 1 220px; border: 1px solid #dddddd; padding: 16px; border-radius: 4px; background-color: #f9fafb; text-align: center;\">\n<p><!-- Image placeholder --><\/p>\n<div><strong>Alex Styles-Morris<\/strong><\/div>\n<div><\/div>\n<div><!-- Replace IMAGE_URL_ALEX_HERE with actual image URL --><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-21973\" src=\"https:\/\/farient.com\/wp-content\/uploads\/2024\/12\/alex-styles-300x247.webp\" alt=\"\" width=\"200\" height=\"165\" srcset=\"https:\/\/farient.com\/wp-content\/uploads\/2024\/12\/alex-styles-300x247.webp 300w, https:\/\/farient.com\/wp-content\/uploads\/2024\/12\/alex-styles.webp 650w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/div>\n<p style=\"margin: 4px 0 8px; font-size: 0.95rem;\">\ud83d\udccd 51 Moorgate, 5th Floor, London, EC2R 6LL<br \/>\n<!-- replace with actual title --><\/p>\n<p>\ud83d\udcde +44 7773 904547<\/p>\n<p>\ud83d\udce7\u00a0<strong><a href=\"mailto:alex.styles-morris@farient.com\">alex.styles-morris@farient.com<\/a><\/strong><\/p>\n<p>\ud83d\udd0d <strong><a href=\"https:\/\/www.farient.com\/uk\" target=\"_blank\" rel=\"noopener\">farient.com\/uk<\/a><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; It has been a busy month for governance news, with a number of proxy advisors and regulators recently releasing updates, offering insights into the approach and perspectives on the upcoming AGM season. This is set against the backdrop of the ongoing debate around the competitiveness of the UK market that influenced the significant [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[252],"tags":[],"class_list":["post-22907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefs-uk"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Important Updates Shaping the 2026 AGM Season<\/title>\n<meta name=\"description\" content=\"Numerous recently released updates from 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