Investors making their voices heard, votes count in AGMs

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.