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Virtual AGMs on extended run but challenges remain

With companies now given the green light to hold online meetings for the foreseeable future, service providers are eager to meet that demand

Published Wed, Apr 7, 2021 · 05:50 AM

Singapore

AS THE Covid-19 pandemic disrupted business operations for the better part of 2020, annual general meetings (AGMs) were among the many activities forced to move online.

And now, for the second straight year, many shareholders of listed companies find themselves having to attend an AGM virtually as part of the new normal.

On Tuesday, companies learned that AGMs and shareholder meetings could continue to be conducted online beyond the stipulated June 30, 2021 deadline.

The Law Ministry extended the legislation, allowing for alternative arrangements for these meetings indefinitely, with the new rules in place until they are revoked or amended.

Although sentiments around the relatively new virtual AGM concept have been mixed, service providers here say they are pre…

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