Shareholder activism

With more active participation in the local stock market, investors in Singapore are holding their Singapore shares under a broker custody model, sometimes in addition to having a Central Depository account. 
THINKING ALOUD

Let’s combine the benefits of the broker custody model and the seamless experience of the CDP 

As the industry mulls ways to enliven the Singapore bourse, it is worth seeing how to achieve the best of both worlds

Koh Brothers will not be putting the shareholders' proposed resolution to a vote at its upcoming annual general meeting.

Koh Brothers rejects shareholders’ renewed push for distribution of Oiltek stake

Putting the same resolution to a vote at the group’s 2025 AGM was to promote open engagement, says the board

Toyota plans to engineer the sale of some US$19 billion of its shares by banks and insurers, in a demonstration of its seriousness about governance.

Activist threat pushes Japanese companies to unwind cross-shareholdings

Critics say it reduces transparency, muddies valuations and insulates management from shareholders’ voices

David Webb, an activist investor who sparred with the rich and powerful of Hong Kong in campaigns for greater financial transparency and regulation, has passed away at 60.

Hong Kong activist investor David Webb dies of cancer

HONG Kong activist investor and prominent commentator David Webb has died of metastatic prostate cancer, according to his social media accounts.

For instance, Sumitomo Mitsui Trust Asset Management’s votes against management proposals in the 12 months ended June 2024 stood at 22.1 per cent, up from 19.8 per cent the year prior.

Management booted out as Japan’s shareholders flex their muscles in AGMs

[TOKYO] Japan’s annual general meetings in June saw a CEO voted out and an entire board of directors replaced in a sign shareholders are increasingly holding management to account and providing impetu...

 Palantir co-founder and CEO Alex Karp says that he agrees with progressives on most issues.
THE BROAD VIEW

Data is changing shareholder capitalism

Corporations should still strive to maximise investor returns, but in some cases, other values should take precedence

The offer comes more than a year after OCBC first made a privatisation bid for Great Eastern through a voluntary unconditional general offer at S$25.60 per share.

‘Very clever’; ‘lost confidence’: Shareholders react to OCBC’s latest exit offer for Great Eastern

The independent financial adviser has deemed the deal to be ‘fair and reasonable’

After a long trading suspension, Great Eastern Holdings’ minorities now have certainty – the insurer will either be delisted with an exit offer of S$30.15 per share, or trading in its shares will resume.
MARK TO MARKET

GEH, OCBC’s proposals a victory of sorts for minorities who have held out, endured suspension

Exit offer is ‘fair and reasonable’ but less than what some GEH minorities believe their shares are worth; lifting of GEH’s trading suspension may only be a temporary reprieve

Both the New York Stock Exchange and Nasdaq now demand that a majority of directors are independent, and directors undergo professional training in business schools.

DEI may not survive. But shareholder activism will

The death of Robert Monks, the godfather of shareholder activism, reminds us how much it has reinvigorated the corporate world