Accountability
Accounting to shareholders
Communication
Investor and analysts’ meetings
During 2008, the Chief Executive and/or Finance Director met 178 (2007: 190) institutional investors, fund managers and private client stockbrokers, both in the UK and elsewhere.
We held presentations for brokers’ analysts on the days of the release of our annual and half year results. These presentations are webcast so that all investors may access them simultaneously. We also present at investor conferences, typically hosted by stockbrokers, and ourselves hosted two additional meetings for investors, presenting at the first on our underwriting and exposure management of catastrophe risk and at the second on setting regulatory capital. Both sets of presentation slides were made available on our website.
The Board received anonymous feedback from our stockbroker, RBS Hoare Govett Limited, of views expressed by investors following our 2007 results and 2008 interim results presentations. Our financial PR advisers, Haggie Financial LLP, also obtain feedback for us from brokers’ analysts. We continued to receive positive and constructive feedback.
Analyst coverage
We are aware of 11 analysts who have published notes on Amlin during 2008 (2007: 11) and we provide the names of analysts and their firms on our website.
Corporate reporting and AGM
Our Annual Report is an important means of communicating with shareholders. Our aim is to increase our stakeholders’ understanding of Amlin and its vision for the future through an objective and fair view of its performance and prospects. Our efforts in this have been recognised by third parties, including the receipt in 2008 of the award for the best overall Annual Report of a FTSE 250 company in the PricewaterhouseCoopers ‘Building Public Trust Awards’. We complement formal reporting with additional information on our website.
The Chief Executive makes a business presentation at our AGM each year. Underlying shareholders holding their shares in a nominee company may be appointed as a corporate representatives and thereby fully participate in the meeting.
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