English

21.08..2020

Holding Boards Accountable

Shareholder activism in Malaysia should get a shot in the arm from recent development in Boustead Holdings Berhad when it announced that a writ had been filed on 29 June 2020 for a claim up to £6.4 million, against its former chairman, managing director and four other directors for breaching their fiduciary obligations as Directors under the Companies Act 1965.

14.08.2020

Do not be an opportunist; treat good intent as special privilege

There is always a high tendency for good intentions to be taken for granted even though they are meant for the greater good of everyone.

07.08.2020

Virtual platform providers must not be scrutineers

MSWG has noted instances where the meeting platform providers for virtual general meetings, or its related organization, also double up as the Scrutineers. This is a conflict of interest.

According to Paragraph 8.29A (2) of Bursa Malaysia Listing Requirements, listed issuer is required to appoint at least one Scrutineer to validate the votes cast at a general meeting.