Our Scans · (FS.3.03) Shareholders · Weekly Summary

• Artificial Intelligence proposals were a trend in 2024 and continue to be prominent in the 2025 proxy season, as shareholders look for more information from companies on the risks and responsibilities surrounding its use. Minerva-Manifest
• Microsoft, having returned $200 billion to shareholders over the past five years, is effectively surrendering capital that could increase its enterprise value by $5 trillion if redirected into Bitcoin. Crypto Briefing
• Shareholders seeking greater transparency around the risks associated with Shell's uniquely bullish LNG strategy should vote in favour of resolution 22. ACCR
• While Canada has the pipeline capacity to fill its Trans Mountain pipeline expansion, U.S. producers will remain focused on capital discipline and returns to shareholders via dividends and buybacks. Advisor.ca
• Through the flexible implementation of share buybacks and treasury stock retirements, Hyundai E & C aims to increase the total shareholder return ratio to over 25% by 2027, underscoring its shareholder-friendly approach and turning growth into tangible shareholder benefits. MarketScreener
• With AI advancements driving ad revenue, WhatsApp monetization unlocking new income streams, and the metaverse offering future potential, Meta presents multiple growth avenues that could significantly enhance shareholder value. Castle Growth
• Trends in 2025 included a surge in shareholder proposals focusing on artificial intelligence (AI), with many asking for disclosure on risks such as misinformation being increased by the technology, albeit receiving little support. Kent Online
• In 2025, companies will face heightened scrutiny from both regulators and shareholders on governance practices, such as board diversity, executive compensation, and shareholder rights. Legal Eye
• Beyond future U.S. and current international regulatory accountability, companies still have obligations to shareholders and can face liability for not effectively monitoring and adjusting to external risks. Baker Botts
• Without shareholder pressure, SpaceX can focus on long-term goals and take bigger risks, especially on experimental projects that might worry traditional investors. Investopedia
• Potential global stimulus response cushioning feared sharp economic slowdown provides projected operating cash flow visibility, justifying further capital return to shareholders, making the strongly performing stock appealing against oversold conditions. AuStockExchange.com
• By proactively addressing environmental challenges, complying with regulations, and embracing sustainable practices, Lockheed Martin can minimize risks, enhance competitiveness, and create long-term value for shareholders, customers, and society. Hivelr
• Recent share buybacks aim to enhance shareholder returns, while expansion into cassava starch manufacturing in Thailand reflects strategic growth initiatives under its 'NEXT VISION 2040'. Yahoo Finance
• Shareholder returns are prioritized with a set dividend floor and potential for growth, but risks include political interference, concentration in Southern Europe, and macroeconomic conditions. Market Wire News
• As energy security continues to be a top priority for China, CNOOC's production growth is expected to persist, further enhancing shareholder value. Minichart
• In the United Kingdom, the UK Corporate Governance Code sets out principles that listed companies are expected to follow regarding board composition, remuneration policies, and shareholder engagement. Business Case Studies
• As ESG pressure intensifies and the SEC's universal proxy rules become the new norm, boards will continue to face questions from shareholders and customers alike. Diligent Corporation
• Even though Japanese equities are undervalued relative to the US in terms of price / earnings, they still offer competitive returns to compensate shareholders for the risks of future valuation swings. Nikko AM Global Site

Last updated: 24 June 2025