Don't cut costs when it comes to food for shareholders

I CANNOT agree more with the views expressed by Cai Haoxiang ("An investor gripes about the Annual Giam-siap Meeting", April 16-17)

When it comes to providing food for shareholders as a gesture of appreciation, companies should not adopt cost-cutting measures. After all, it is only a mere fraction of their annual expenditure. If companies find holding buffets a hassle, then the least they could do is to either give out lunch boxes or food vouchers.

Many serious investors attend an annual general meeting (AGM) to have a better understanding of a company's performance and to raise questions when in doubt. It also encourages active participation from the investing community. It is common knowledge that shareholders contribute to the success of many companies.