The Business Times
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HOCK LOCK SIEW

EGMs on contentious issues must allow for more shareholder participation

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Uma Devi

Uma Devi

Published Thu, Jul 6, 2023 · 05:00 AM
    • Investors could benefit from stricter rules around the formats of meetings. This is particularly true for EGMs, which are convened to vote on contentious corporate issues. 
    • Investors could benefit from stricter rules around the formats of meetings. This is particularly true for EGMs, which are convened to vote on contentious corporate issues.  PHOTO: BT FILE

    LISTED companies are expected to hold physical general meetings from Jul 1, with the revocation of temporary measures to allow alternative arrangements for such meetings during the Covid-19 pandemic. 

    Following this, both annual general meetings (AGMs) and extraordinary general meetings (EGMs) will have to return to physical mode.

    While some investors celebrate the end of general meetings run solely via electronic means, it would be a loss for the market as a whole if shareholders who are unable to attend these physical meetings do not now have an option to dial in virtually.

    Hock Lock SiewAGM/EGMSabana Reit

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