Ongoing. Critical to ensure engagement focuses on relevant and material issues to the compnay concerned and management can understand that effecting change will benefit the company in a tangible way over the long-term.
Example: Engagement with the management team of Astrapak (APK), Astrapak Pref (APKP) and Master Plastics (MAP)
Element engaged with management relating to sale of APK’s core assets to RPC and subsequent listing of MAP (APK’s non-core assets) in 2017. The engagement involved numerous management interaction both in 2016 and 2017 relating to the business operations and potential transaction (meetings, conference calls and emails) as well as potential options for non-core assets. Element further attended the General Meeting in Johannesburg to approve transaction for both APK and APKP in Johannesburg on 12 May 2017. This was at the request of management as they required a quorum for the meeting to approve the transaction.