Recent physical AGMs draw low attendance; preference for hybrid, electronic meetings

PHYSICAL annual general meetings (AGMs) are back, after the easing of Covid-19 restrictions on large gatherings, but companies and shareholders are lukewarm to the idea of in-person meetings after a 2-year hiatus.

Checks by The Business Times showed at least 5 companies had hybrid AGMs in July – namely Mapletree Logistics Trust (MLT), Mapletree Industrial Trust (MIT), Mapletree Commercial Trust (MCT) prior to its merger with Mapletree North Asia Commercial Trust, Singapore Post (SingPost), and Azeus Systems. 

This arrangement gave the shareholders of these companies the option to show up to the meeting in-person, or attend the meeting via electronic means.