Rethinking the AGM

COMPANIES have traditionally used the annual general meeting (AGM) as a key platform to seek shareholders' approval for a range of matters, including annual financial statements, appointment of external auditors, retirement and re-election of directors and payment of dividends.

However, developments and events in recent years suggest there is a continuing need to modernise this age-old practice to make it more effective and useful, as well as create alternative platforms for greater outreach to shareholders.

Companies Act reforms

Over the years, regulations have been streamlined to reduce the regulatory burden for companies. Most …