MSWG Weekly Newsletter 20 April 2018 (English)
MESSAGE FROM THE CEO
Remote Participation and Voting at General Meetings
Many minority shareholders are unable to participate at general meetings and vote (except through proxies) due to the choice of venue for the general meeting.
Minority shareholders may, going forward, be able to do so as the MCCG (Malaysian Code on Corporate Governance) intends to enable shareholders to participate, engage the board and senior management effectively and make informed voting decisions at general meetings.
The two relevant key Intended Outcomes in MCCG relate to participation and voting at general meetings.
The MCCG states, that as a Practice, listed companies, with a large number of shareholders or which have meetings in remote locations, should leverage on technology to facilitate voting in absentia and remote shareholders’ participation at general meetings.
We note that quite a few companies have misinterpreted this Practice to mean electronic voting and have accordingly stated that they have adopted the said Practice and go on to explain about electronic voti