Anglo American shareholders are a rather slack lot. Only 59% of them bothered to pitch up at this week's annual general meeting (AGM). When you consider that the definition of "pitching up" includes sitting at your desk, filling out a proxy voting form and sending it off, which is what the vast majority of shareholders do, then we must know the slackness is at disturbing levels. This has apparently been the situation for much of the time since Anglo relocated its primary listing to London.Back in the old South Africa, the Anglo AGM was something of an "event" to which shareholders were lured by all sorts of things - such as lovely tea and sandwiches.In those days before corporate governance cares, the business of the AGM was over in about five minutes and the task of the company secretary was to determine whether 99.8% or 99.9% of shareholders had voted in favour of resolutions.Fast-forward to another time and place. AGMs have become a much more significant part of a company's life, and shareholders, or rather the fund managers acting on their behalf, are expected to be much more engaged. So it is disappointing that so many of them just could not be bothered. Perhaps they should be named and shamed? Perhaps attendance, by proxy or by person, should be obligatory - just as voting at general elections in Australia and Singapore is?Anyway, those who did bother to attend put up a spirited showing. More than 10% of the total shares in issue and almost 20% of those attending voted against giving the board the authority to allot shares.Almost the same number voted against holding general meetings of shareholders without giving notice of 21 days.There was also significant opposition to "disapplying pre-emption rights" and, an impressive chunk of shareholders voted against giving the board the authority to repurchase shares.Sir John Parker may, or may not, be concerned that he wasn't enthusiastically re-elected to the board.Let's hope for a better showing next year.ClicksOn the subject of shareholder apathy, what should we make of Clicks's repeated threat to stop paying dividend cheques for R50 or less "unless a written request to the contrary is delivered to its transfer secretaries" by June 26?Apparently it's not the first time Clicks has issued this warning, which was attached to the bottom of results it released this week. Clicks is also not the only company that is trying all sorts of things to persuade its "missing" shareholders to identify themselves and hand over their bank details so they can be paid electronically.On average, about 5% of the JSE shareholder base has gone missing; for some companies "the missing" can be as much as 10% of the shareholder base. Many of these fell through the cracks during the JSE/Strate scrip dematerialisation exercise of the late 1990s; some may have become lost as a result of a corporate transaction.The whole thing conjures up images of little old widows in tiny garden cottages in Kenilworth who are holding firm to the idea that scrip dematerialisation is a fad induced by Star Wars. Or it may be they look forward to the postman stopping by to deliver the dividend cheques once or twice a year.Of course, the reality is that paying a dividend of R50 by cheque probably costs the company another R50. And, in addition to the high risk of postal fraud, there's the increasing likelihood of prolonged delays. How many people across the country, including Kenilworth widows, are receiving their Christmas cards only now?Clicks has the answer for the dilemma. It is going to collect all the unpaid dividends and donate them to a charity "to be nominated by the directors".Can it be too long before Finance Minister Nhlanhla Nene in the same cavalier fashion identifies an appropriate charity for the shares and dividends owed to all the other "missing" shareholders - the hole in his budget, perhaps?Pick n PayIt really is all a matter of timing. As Pick n Pay's relatively new CEO Richard Brasher contemplates a solid set of results, he must be heaving a huge sigh of relief that he escaped Tesco when he did. Brasher, who took the helm at Pick n Pay in February 2013, worked for Tesco for 26 years until March 2012. He headed the troubled UK business for the final 12 months of that lifetime commitment. Poor performance at the UK division resulted in increased tension between Brasher and group CEO Philip Clarke and ultimately in Brasher's departure.This week, on the same day that Pick n Pay revealed signs of the expected turnaround, Tesco posted results containing an unexpected £7-billion (R128-billion) in one-off charges. This is over and above the £263-million profit overstatement that rocked the UK group last year.SABMillerQuarterly results for Altria, SABMiller's largest single shareholder, indicate that the beer group's earnings for the March quarter took a hit from asset-impairment charges.The Altria results were released earlier this week and may, or may not, explain the dip in SABMiller's stock during the week. The share ended the week stronger.Also from SABMiller was news of another directorship for one of its new board members, former finance minister Trevor Manuel. From April 21, he has been a Swiss Re board member...