Table 2

Speeches during the AGM

 Analyzed meetingApril 29, 2006March 6, 2008April 27, 2012April 16, 2015
Speeches nDuration (minutes)% Total speeches durationSpeeches nDuration (minutes)% Total speeches durationSpeeches nDuration (minutes)% Total speeches durationSpeeches nDuration (minutes)% Total speeches duration)
Major Shareholders25120%12013%1148%000%
Small Shareholders2920880%1213787%3016992%25224100%
Total31259100%13157100%31183100%25224100%
Small shareholders, of which            
• Focused on Investment Returns54618%78454%95128%1313560%
• Advocates for Regional Interests43112%174%74022%33717%
• Advocates for Private Interests2013151%44629%147843%95223%
of whom, Employees138332%000%52614%2115%
Total*31259100%13157100%31183100%25224100%

Note(s): (*) The total includes interventions from major shareholders

Source(s): Authors’ own work

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