Stephen Groots spoke to Nicole Martens, Executive Director of Just Share, about the growing role of shareholder activism in South Africa and how investors are increasingly using their influence to hold companies accountable.
Listen to the interview in the audio player below.
Shareholder activism has accelerated in South Africa in recent years as investors increasingly focus on climate risk, governance, executive remuneration, inequality and long-term sustainability.
Shareholder activism is the practice of investors using their ownership stakes to influence the way companies are run, often through voting, resolutions, engagement with boards, and public advocacy.
Founded in 2017, Just Share has emerged as one of the country's leading shareholder activism organizations, working to promote responsible investing and corporate accountability.
The non-profit body engages with listed companies, asset managers and regulators on environmental, social and governance (ESG) issues. Its campaigns have focused on climate-related disclosures, executive pay policies, labor concerns, and the responsibilities of institutional investors. The organization has played a leading role in shareholder resolutions at major South African companies, helping to raise ESG issues in boardroom discussions.
Speaking to Stephen Groots on The Money Show, Nicole Martens, executive director of Just Share, says holding those in power accountable is vital for the development of the country and society at large.
AGMs represent more than just a statutory obligation: they are valuable opportunities for companies to showcase major achievements, transparently address challenges and actively engage with shareholder concerns. Take a look at our new AGM guide: https://t.co/86qvATSuSQ
– Just Share (@JustShareSA) 19 November 2024
“It really starts with accountability and holding those in power accountable for the impact they have on the country.”
– Nicole Martens, Executive Director – Just Share
“Of course your focus should be on making your money, but if you care about making money, you should also care about the sustainability of your business, and that also includes environmental and social and governance considerations.”
– Nicole Martens, Executive Director – Just Share
“We understand that there are many rationales and justifications for the way executives are remunerated. Our request is that the market in which this is happening should not be completely ignored.”
– Nicole Martens, Executive Director – Just Share
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