The Business Times
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Investors making their voices heard, votes count in AGMs

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Janice Lim

Janice Lim

Published Thu, Jun 2, 2022 · 05:50 AM
    • Investors in Singapore are becoming more active at listed companies’ annual general meetings and making their voice heard through their votes, said corporate governance experts.
    • Investors in Singapore are becoming more active at listed companies’ annual general meetings and making their voice heard through their votes, said corporate governance experts. PHOTO: PIXABAY

    AFTER months of campaigning on both sides, unitholders of Sabana Industrial Reit voted not to endorse the appointment of independent non-executive director Chan Wai Kheong at the company’s annual general meeting (AGM) in April this year.

    A few days later, investors of transport company ComfortDelGro Corp voted not to re-appoint their auditors at the recommendation of proxy advisors.

    One of the proxy advisors, Institutional Shareholder Services (ISS), had also recommended voting against the reappointment of a director, Chiang Chie Foo, as he was a member of the audit committee.

    Corporate governanceHedge fundsasset managementBoard of DirectorsESG

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