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New rule for en bloc EGMs timely, but could do more to rein in proxy abuse
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Amendments to the Land Titles (Strata) Act restrict the number of owners a proxy can represent at general meetings for collective sales.
PHOTO: ST FILE
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SINGAPORE - A new regulation that aims to encourage owners to participate in general meetings for collective sales and minimise the risk of proxy abuse is seen as timely, now that activity is revving up, observers say.
Amendments to the Land Titles (Strata) Act to restrict the number of owners a proxy can represent at general meetings for collective sales came into force on Jan 18.
