Why CPF Investors can only attend as observers?

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#23
(06-04-2016, 12:08 PM)opmi Wrote: Hi

Does anyone know if CPF holders of shares can attend and vote at AGM??

Thanks

The Companies Act has been amended and since 3 Jan 2016, as per:

https://www.acra.gov.sg/Legislation/Comp...n_Phase_2/

Section 181 has been amended to allow indirect shareholders such as CPF investors to attend and vote, under the multiple proxies regime. This does not give CPF investors the automatic right to show up and vote, they still have to be appointed as proxies.

If CPF implements an automatic proxy system like how some Bermuda-incorporated companies did (they sent out a notice appointing all shareholders as voting proxies by default) then it's fine, otherwise you have to send in a notice with your details so they can register you as a proxy for the AGM.
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RE: Why CPF Investors can only attend as observers? - by d.o.g. - 06-04-2016, 03:38 PM

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