AGM bunching: Don't fight it, just step around it
There may be no good and fair way to force companies to spread out the shareholders' meetings
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APRIL is the time of the year when complaints about the bunching of annual general meetings (AGMs) generally become the loudest.
But trying to reduce AGM clustering is like trying to stay dry while water-skiing. It's futile, it gets in the way of the important things, and it's missing the point.
Bunching of shareholder meetings is not ideal, and it creates real problems. A recent study by corporate governance advocate Associate Professor Mak Yuen Teen of the National University of Singapore and investor Chew Yi Hong showed that 192 companies held their AGMs in the last two days of April 2016 out of the 428 AGMs that took place that month.
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