The Company Secretariat & Legal
The Company Secretariat & Legal could better determine the likely outcome - and therefore the risk - of resolutions being rejected.
By accurately identifying who controls the Voting Mandates, resolutions could be adjusted to align with shareholders' voting policies.
Once determined, based on voting power, shareholders should be prioritised for engagement to consolidate resolution support.
Implications to the IR Department
The IR Department benefits by being able to identify which shareholders have a negative view on the Management's Corporate Governance Policies.
This may lead them to rotate out of the stock, or possibly turn into an activist with a new agenda to become an agent for change.
Either way, these have implications to the shareholder structure, support levels within the shareholder base and to management engagement priorities.