The Business Times
business-time-50
HOCK LOCK SIEW
·
SUBSCRIBERS

To ease AGM crunch, SGX RegCo should push listcos to hold meetings early, and on weekends

google-preferred-sourceAdd BT as a preferred source
Ben Paul

Ben Paul

Published Thu, Apr 11, 2024 · 05:00 AM
    • SGX RegCo published a Regulator’s Column last month that outlined the importance ensuring that shareholders’ ability to attend AGMs is not curtailed by a clustering of these events.
    • SGX RegCo published a Regulator’s Column last month that outlined the importance ensuring that shareholders’ ability to attend AGMs is not curtailed by a clustering of these events. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    THE season of annual general meetings (AGMs) is upon us once more, and Singapore Exchange Regulation (SGX RegCo) is demanding that the largest and most widely-owned listed companies ensure that their meetings do not clash.

    To facilitate this, SGX RegCo now maintains a calendar of AGMs of large issuers. If a large issuer submits a date and time that clashes with one of its peers, it will be required to select another date or time.

    An SGX RegCo spokesperson told The Business Times that a review last year found that about half the companies in the Straits Times Index (STI) held AGMs within the last two weeks of April – with four instances of meetings clashing.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Hock Lock SiewAGM/EGM

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More