Why is Hargreaves Lansdown charging shareholders to vote at AGM's?
www.shareaction.org has taken this very seriously and there is now an online petition for Hargreaves Lansdown clients to sign. It is all very simple as you will in the link below.
http://action.shareaction.org/page/speakout/hargreaves-lansdown?js=false
In short, Hargreaves Lansdown want to charge shareholders who are the beneficial owners of their own stock, to cast a vote and to attend an AGM in which they themselves, have no beneficial interest.
The reasons for signing this petition are
A) Hargreaves Lansdown is the largest execution only broker in the country and could influence other providers and therefore all UK shareholders
B) It may well deter shareholders casting votes in their Company of which they have a beneficial interest
C) Not casting AGM votes as a result of the charge could lead to resolutions being passed that otherwise wouldn't be and that might also, not be in the interest of shareholders
It is ridiculous to ask shareholders to pay for the ability to vote in their Company. It makes no sense and could do a lot more harm than good.
I encourage shareholders to sign this petition so that shareholders fundamental rights remain intact.
Ludicrous that I should be charged when I am an owner of the company. HL)
