THE season of annual general meetings (AGMs) is upon us once more, and Singapore Exchange Regulation (SGX RegCo) is demanding that the largest and most widely-owned listed companies ensure that their meetings do not clash.
To facilitate this, SGX RegCo now maintains a calendar of AGMs of large issuers. If a large issuer submits a date and time that clashes with one of its peers, it will be required to select another date or time.
An SGX RegCo spokesperson told The Business Times that a review last year found that about half the companies in the Straits Times Index (STI) held AGMs within the last two weeks of April – with four instances of meetings clashing.
“SGX RegCo then reached out last year to ask STI constituents to deconflict their AGMs in calendar year 2024. Most heed…
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