Don't stint on food for shareholders at AGMs

IT'S that time of the year again when listed companies hold their annual general meetings (AGM). Most will go swimmingly - from the perspective of the companies - in that all resolutions will be adopted given that minority shareholders have little sway on the outcome of vital issues that are put up annually for debate and a vote.

Most resolutions are similar, regardless of the type of companies. They deal mainly with re-election of directors, approval of the pay for the board and the auditors and adopting the audited financial statements. These are mundane yet critical matters for any company, for if they are not passed, the ramifications could be dire.

But shareholder activism in Singapore is at the infant stage, so it's unlikely to rock any boats or AGMs.