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The responsibilities of being a shareholder

A shareholder is a person, company, or institution that owns at least one share of a company’s stock. Shareholders own the company, and such ownership comes with certain rights and responsibilities.

Amongst all the various stakeholders, shareholders are the most powerful by virtue of having voting rights to determine the performance and future of a company. The clarion call is, therefore, on shareholders to exercise such rights diligently and responsibly. A good start is by attending AGMs and asking pertinent questions of the Board and voting wisely on the tabled resolutions.

Shareholders stand to gain with more women directors and IDs on board

ACE Market-listed Genetec Technology Bhd should not consider as burdensome the criteria set forth by SC that its proposed listing transfer to the Main Market of Bursa Malaysia can only materialise upon its corporate governance enhancement by raising the number of independent directors on its board to over 50% and women directors to 30%.

Reading between the lines, these are two requirements that aspiring debutants to the Main Market must comply with