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MSWG Weekly Newsletter 02 April 2021 (English)

02.04,2021

The Minority Shareholders Watch Group is now on Twitter. The presence at Twitter is the first step for us to create strong social media presence and engage with our stakeholders more effectively. Do follow MSWG’s Twitter account at @MSWGMalaysia and share your thought on our tweets from time to time.

 

Improved virtual AGM conduct

When the COVID-19 pandemic hit Malaysian shores in early 2020 with the ensuing Movement Control Orders, many PLCs had no choice but to conduct their annual general meeting virtually for the first time.

As that was the very first time for most of the PLCs, MSWG observed several areas for improvement in their conduct of meeting. One of the greatest concerns was that the questions raised by shareholders at the meeting were not being addressed by the Board, sometimes citing “time constraint”.

With the AGM peak season approaching (for PLCs with financial year ended 31 December 2020), and the ongoing movement control measures, we foresee most of the PLCs will continue to conduct their general meetings virtually.

This year, we hope to see improvements in the conduct of the virtual meeting, especially on how the questions from shareholders are being addressed.