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Some companies still hesitant about physical AGMs despite easing of virus restrictions

Uma Devi

Uma Devi

Published Tue, Jun 28, 2022 · 07:10 PM
    • David Gerald, chief executive of the Securities Investors Association (Singapore) said there are still regulations for companies to follow, regardless of the format of the AGMs.
    • David Gerald, chief executive of the Securities Investors Association (Singapore) said there are still regulations for companies to follow, regardless of the format of the AGMs. PHOTO: THE STRAITS TIMES

    MOST Covid-19-related vaccination-differentiated safe-management measures and group size limits have been lifted, allowing companies to hold physical annual general meetings (AGMs). But several of Singapore’s largest listed companies are still lukewarm about such arrangements.

    Among the stocks in the Straits Times Index (STI) that had fiscal years ended in March, 2 have opted for mixed AGMS – a combination of virtual and physical attendees. These are Mapletree Industrial Trust and Mapletree Logistics Trust. 

    Another 2 – Singapore Airlines (SIA) and Sats – have chosen to have their AGMs through electronic means only.

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