Many SGX Listcos with 31 December financial year-ends are now making preparations to hold their AGMs. However, the COVID-19 pandemic is adversely affecting how AGMs may be held.
At present, the constitutions of SGX Listcos generally do not contain provisions for shareholders to attend and vote at AGMs via electronic means, such as audio or video conferencing. As such, many companies are facing difficulties with holding AGMs.
We share some practical steps SGX Listcos may take to conduct their AGMs during this COVID-19 crisis, as we look at the recent temporary measures enacted by Parliament and guidance by the authorities.
Download this alert to learn more about holding your AGM.