SGX-listed firms adapt to updated guidelines for virtual meetings
Some are deferring their AGMs; others are doing webcasts, and some are undecided
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A NUMBER of listed companies are making changes to their annual general meeting (AGM) plans following the release of detailed guidelines from the regulators: Some are opting to defer their AGMs to dates beyond the circuit-breaker period, others have announced new arrangements involving webcasts.
The Accounting and Corporate Regulatory Authority (ACRA), Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) had issued a joint statement on Monday, providing guidance on general meetings during this "elevated safe-distancing period".
As shareholders are no longer allowed to attend physical meetings, the guidance covers virtual meetings and their physical aspects.
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