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Amara shareholders would have benefited from more detailed disclosures

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Nisha Ramchandani

Nisha Ramchandani

Published Thu, May 5, 2022 · 05:50 AM
    • Responding to queries from SGX, Amara has since come out to say that it does not consider the issue - which relates to an immediate family member of one of Amara's executive directors - as an unresolved matter as it is still under discussion.
    • Responding to queries from SGX, Amara has since come out to say that it does not consider the issue - which relates to an immediate family member of one of Amara's executive directors - as an unresolved matter as it is still under discussion. The Straits Times

    Property developer and hotel group Amara Holdings has recently experienced a dwindling in its list of independent directors (IDs).

    At Amara's annual general meeting (AGM) on Apr 26, a resolution to re-elect Tan Tiong Cheng as an ID was not passed because 110 million shares - representing 77.7 per cent of the shares voted that day - were against it.

    At the same AGM, shareholders also shot down a resolution to grant directors the authority to issue shares under the Amara Performance Share Plan. For this resolution, 1.6 million shares voted against and 868,100 shares voted in favour.

    Hock Lock SiewAmara HoldingsCorporate governance

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