Time to do away with virtual-only AGMs

Published Mon, Jul 4, 2022 · 04:45 PM

FROM a corporate governance viewpoint, it is disappointing to see that although almost all restrictions on group sizes have been lifted, most companies which have a Mar 31 year-end will not be hosting fully physical annual general meetings (AGMs) in July. Even more disappointing is that a few will still be holding electronic-only AGMs, instead of the hybrid format which is allowed.

This has to change. With the Covid crisis having stabilised, all sectors of the economy have been fully opened, normal overseas travel has resumed and with Singapore enjoying a high vaccination rate, contagion risk is now minimal. The a…