The Business Times
HOCK LOCK SIEW
·
SUBSCRIBERS

Clearer guidelines needed to help investors requisition EGMs

Raphael Lim
Published Tue, May 23, 2023 · 05:50 AM

RECENT boardroom tussles, including at companies such as Asti Holdings : 575 0% and USP Group : BRS 0%, are turning the spotlight again on the requisitioning of extraordinary general meetings (EGMs) by dissident shareholders.

Such scuffles, which usually result in a public battle between the requisitioning parties and the incumbent directors, are not uncommon. And they sometimes get escalated to the courts.

In past cases involving Singapore Exchange (SGX)-listed companies, parties have been known to disagree on nearly everything. In more than one instance, this has led to a stalemate – with the wider body of shareholders unable to even cast their votes and decide on the matters at hand.

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Columns

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here