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In-person AGMs now the preferred format for STI constituents

However, some shareholders want a hybrid model that includes virtual format

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Tay Peck Gek

Tay Peck Gek

Published Wed, Apr 5, 2023 · 05:50 AM
    • City Developments Ltd and Wilmar International are offering a virtual format in addition to a physical meeting, giving shareholders the best of both modes.
    • City Developments Ltd and Wilmar International are offering a virtual format in addition to a physical meeting, giving shareholders the best of both modes. PHOTO: PIXABAY

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    A NUMBER of Straits Times Index (STI) issuers are moving away from the virtual format for their upcoming annual general meeting (AGM).

    This comes ahead of a regulatory deadline that requires a physical, or in-person, meeting to be the default mode from July.

    Among the 30 STI companies, 21 have a financial year that ends in December. Of these, 18 had made known their upcoming AGM formats as at Monday (Apr 3). All but four will be holding a physical meeting.

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