Cost-cutting at AGMs: we may not have seen the worst yet
I REFER to "An investor gripes about the Annual Giam-siap Meeting" (BT, April 16-17) which has pretty well covered the more common gripes of tens of thousands of active retail investors.
But we may not have seen the worst yet - such as how companies will cope with tens of thousands new investors turning up for AGMs (annual general meetings) now that the board lot has been reduced to 100 shares and if and when CPF (Central Provident Fund) investors can turn up in their own right without getting a proxy. Ditto for SGX-listed (Singapore Exchange-listed) companies incorporated in Bermuda, etc.
Just how many investors here are aware that a few years ago Singapore Airlines Ltd (SIA) decided not to produce and distribute printed copies of its annual report (AR).
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