SGX RegCo should push companies to help minorities requisition resolutions at AGMs
This would arguably do more to empower small investors than smoothening the path to requisitioning EGMs
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When minority shareholders invoke their right to requisition an extraordinary general meeting (EGM), it often spells trouble for the incumbent board and management.
Yet, the requisitioning shareholders usually need the cooperation and support of the board and management to ensure the EGM is organised efficiently and expeditiously.
Last week, Singapore Exchange Regulation (SGX RegCo) said it will introduce rules to require companies to assist shareholders who have requisitioned a general meeting.
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