English

Unpleasant Experience with a Company Secretary

When MSWG appoints a representative to attend AGMs of PLCs, the MSWG representative attends as a shareholder on behalf of MSWG and is also considered as a corporate nominee/representative.

MSWG has shares in several PLCs and the shareholding ensures that MSWG has the locus standi to appoint representatives to attend the PLCs AGMs as shareholders on its behalf.

I recently received a call from a company secretary based in the Northern region, demanding for MSWG’s original Authorised Corporate Representative (“ACR”) letter to be deposited at the registered office in the manner as stated in the public listed company’s Proxy Form (i.e. the original ACR letter to arrive at the registered office not less than 48 hours before the AGM). I was told that faxing a copy of MSWG’s ACR letter is ‘bad practice’.