Latest Newsletter: MSWG Weekly Newsletter 19 April 2019 (English)
A Peek into Annual General Meetings (AGMs) …..
A Glimpse into some Bad or Undesirable Practices !!!
Once again, we are in the midst of the AGM peak season, usually from April to June every year. Numerous AGM notices have been issued and more will be in the pipeline, resulting in unavoidable perennial clashes of dates of meetings …… with easily more than five meetings on the same date sometimes.
Obviously, shareholders who own shares in companies with AGMs held on the same day are unable to attend all the affected AGMs and, therefore, deprived of the opportunity to participate and engage with the Boards of Directors of some companies. This seems to be an insurmountable problem unless more companies choose to adopt financial year ends other than 31 December.
As many may know, an AGM serves as a yearly forum/platform for shareholders to attend, participate, ask questions and vote on resolutions proposed. These are the shareholders’ rights which they get to exercise once a year as well as to engage with the Board and, therefore, they should be encouraged and accorded due respect.