SIAS and SID announce Guide on Best Practices for Shareholder Meetings
Singapore, Tuesday, 26 March, 2019
The annual general meeting (AGM) of a company is a time for the company’s board members, management and shareholders to interact. It is usually at this time when the board and management provide an account of the company’s performance for the year and present the audited financial statements. It provides an opportunity for shareholders to raise any questions they may have on the company’s business, financial performance, future plans and strategies.
Shareholders, management and board share a symbiotic relationship. Responsible companies should view shareholder meetings as valuable avenues to understand investor expectations. Likewise, shareholders should exercise their rights responsibly and act with decorum.
With the primary purpose of encouraging a positive climate for robust and open discussions between the board and shareholders during shareholder meetings, Securities Investors Association (Singapore) (SIAS) and Singapore Institute of Directors (SID), with the support of the Singapore Exchange Regulation (SGX RegCo), came together to develop this Guide. This Guide is written for both shareholders and directors so as to provide a common understanding and promote best practices in the conduct of AGMs.