Noble AGM: shareholders may not be so supportive next time
I REFER to “Noble dodges accounting queries at AGM” and “Sound bites from Elman” (BT, April 18-19).
Read MoreAuthor: Mak Yuen Teen
Why do companies make attending AGMs so tough?
HOW difficult is it for shareholders in Singapore to attend general meetings? It can be quite
difficult, especially in April, and if an investor owns shares of companies that hold their general
meeting far away from the Central area.
MEDIA RELEASE: NEW REPORT ON SHAREHOLDER MEETINGS IN SINGAPORE FINDS GOOD PRACTICES, ROOM FOR IMPROVEMENT
A new report by Associate Professor Mak Yuen Teen of NUS Business School, a corporate governance advocate, and Mr Chew Yi Hong, an MBA graduate from London Business School and active investor, has revealed a number of new findings relating to general meetings of shareholders of SGX-listed issuers. It has found a number of good practices, but also areas with significant room for improvement.
Read MoreLoss of market confidence here – just look at cases such as Sino Construction
ON March 2, Sino Construction’s share price closed about 15 cents down from its previous trading day’s closing price of 26.5 cents on Feb 27 – a fall of 55.8 per cent. The following day, its share price halved again to close at six cents. By March 9, its share price had fallen to 5.4 cents – a total fall of about 80 per cent over just six trading days.
Read MoreOW Bunker and the Failure in Governance
ON NOV 6, 2014, news broke about an alleged fraud and risk-management failure at Dynamic
Oil Trading (DOT), one of the two Singapore subsidiaries of OW Bunker A/S, a Danish global
marine fuel logistics company which listed on the Nasdaq OMX Copenhagen on March 28 last
year.
