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I have noticed that many of my companies I own and am interested in are having AGM on the same day, 26th April. Three of them are at 10am and one is at 11am. There might be other instances where other companies' AGMs might be on the same day in that week. This is not shareholder-friendly because as a shareholder, one would like to attend every company's AGM.
If AGMs are mostly falling on the same day, one can't personally attend all the AGMs and ask questions and size up the management. Has anyone in this forum brought this up with SGX or any other governing bodies to stagger AGM timings happening on the same day as a suggestion?
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perhaps a recording of the whole agm process can be made available to shareholder?
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I have written to SGX before, asking them to post the minutes of meeting thru SGX announcement or their company's website, but still no news .
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to attend agm, what documents do we have to bring other than IC?
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14-04-2012, 03:11 PM
(This post was last modified: 14-04-2012, 03:12 PM by freedom.)
IC is sufficient only if your name is included in the share registrar.
if share are bought through CPF or brokerage account like Standard Chartered, your name would not be in the share registrar.
Alternatively, you can attend as observer, but can't vote. I believe still can ask questions.
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14-04-2012, 04:04 PM
(This post was last modified: 14-04-2012, 04:19 PM by RBM.)
Good, useful and new thread this one,
Another thing I have noticed this year is the delayed issue of Annual Reports, squeezing the time for shareholders to review the Annual Report before the AGM. This is important when so many AGM's are crammed into such a short space of time, as this thread so clearly brings out. I am one of those fuddy-duddies who feels a compelling need to review an Annual Report before attending an AGM. Two examples, if I may.............
BreadTalk has its AGM on 25th April, yet today - 14th April, 11 (eleven) days before the AGM - the 2011 Annual Report is not yet posted on the SGX website or its own website.
Q&M Dental has its AGM on 26th April - its Annual Report was posted earlier today, 14th April - 12 days before the AGM. Hallelujah!
I have Chaired listed companies before - I made darn sure the Annual Report was posted out at least three weeks before the AGM - I believed I owed this to the Company's shareholders. In two countries I worked, the minimum time between Annual Report issue and the AGM was mandated by Company Law. And BreadTalk and Q&M would have been clobberred by either the Exchange or the Regulator in either of those two countries.
I apologise if this sounds like a winge. Sorry. And I realise that many Singapore print shops have been working into the wee hours over the last week or so on annual reports ............. but I believe that some companies owe their shareholders a little bit more respect.
One mention of commendation - "boring" but highly diligent litle Zagro sent to its shareholders their annual report in CD form a full 4+ weeks before their AGM.
Vested in BreadTalk & Q&M.......... and Zagro.
RBM, Retired Botanic MatSalleh
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Some companies do upload the Minutes of the Meeting for their AGM on their website. Some examples -
Qian Hu:
http://www.qianhu.com/content/phase1/inv...M_2011.pdf [AGM Minutes]
Cityspring Trust:
http://www.cityspring.com.sg/pdf/Mins%20...8Jul11.pdf [AGM Minutes]
DTAC:
http://dtac.listedcompany.com/misc/Share...-EN-01.pdf [AGM Minutes]
I guess there are more out there which publishes their Minutes in their website. Hopefully more will do so that shareholders who could not attend will be able to get some insights.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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