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

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.