During a recently held AGM of a large PLC (a constituent of the FTSE Bursa Malaysia Top 100 Index or a company with a market capitalisation of RM2 billion and above), there were questions regarding the abrupt resignations of its three directors before the AGM.
As stated in the notice of AGM, the Board had endorsed recommendations from the Board NRC to re-elect three retiring directors who had offered themselves for re-election during the AGM. However, less than four weeks after the issuance of the notice of AGM and just ten days before the meeting, the Company made three separate announcements, all on the same day, in relation to the resignations of the three directors.
One of Warren Buffett’s lesser-known investing ideas is the 20-slot punch card. This concept simply means you can only make 20 investments in your lifetime. So, each punch represents a big financial decision. When you use one, you have 19 left. Then 18 and so on. After 20 punches, you’re done.