Commentary

Food for thought for shareholders at AGMs

They should acquire the requisite knowledge, as they have role in firms' overall governance

A public relations consultant, with many years of work experience in England and Australia working with listed companies, recently remarked that at all the annual general meetings (AGMs) he had attended in those countries before relocating to Singapore, "the shareholders who showed up were also more interested in discussing the quality of food served".

He did qualify his comments by adding that, at times, top management remuneration was questioned at AGMs, but by and large, shareholders of British and Australian firms had food on their minds when turning up at those once-a-year gatherings meant for them to grill their managers on important matters like how the company performed over the year just past, the adequacy of dividends proposed and paid (if any), board composition, remuneration and the firm's strategies and outlook.

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A version of this article appeared in the print edition of The Straits Times on April 16, 2018, with the headline 'Food for thought for shareholders at AGMs'. Print Edition | Subscribe