Bunching up of AGMs in April getting worse, says report

[donmihaihai]

So during the AGM itself which was virtual only, There was a point when the chairman invited the agm participants to ask questions by typing in. I frantically copy and paste all my ten questions in within the short time window. In the end some of my questions were answered, proving they were valid. This year AGM, I really feel like banging table and asking who is the guy manning the IR email. I think its the CFO.

If one approaches it with guns blazing, I am certain the interaction won't be meaningful. be it physical, virtual or written Q&A. 

In virtual AGM, it is easy to overlook questions one doesn't wish to reply to. 

In written Q&A, company has a substantial and relevant shield which is can be quite effective. However, if shareholders have done enough homework, including how the management engaged with shareholder previously, and craft questions with the potential to elicit meaningful engagement from the management, then the public will be able to gain through the replies. Some useless questions will be like, more dividend, future number look like. On this note, I have the experience of the company editing my questions and turning them into a PR spin with their responses. 

In Singapore, I my opinion of IDs is low, not due to their professional qualifications or personal achievements, but because they seem to perform a delicate balancing act with an eye on the fee. ID will be on the same side as ED and won't turn until there is no other way. Each has their own bottom line. 

Written as someone who alternates between submitting questions and drafting responses, facilitating AGMs and seeing IDs at work.

[dreamybear]

I think this recent SIAS webinar is timely in this period of attending AGMs.

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Investor Forum - Key Insights for Investors: Understanding the Functions of Boards and Subcommittee
https://www.youtube.com/watch?v=FvYdMrLQGio
"Annually, the engagement between Shareholders and Board of Directors (Board) usually takes place only once a year at the company’s AGM. Most of the Shareholders have the understanding on the key roles of Boards and Subcommittees, but, not in details. The Board, as the governing body of a company sets the strategic direction, ensures financial health, and upholds the company's mission and vision. The subcommittees, composed of board members with specific expertise, focus on distinct areas of the company's operations and they also provide a platform for non-board members with specific skills or knowledge to contribute to the company's governance.

In this webinar, investors can learn how Boards and Subcommittees function. Investors can also gain an understanding of assessing Board’s effectiveness, the potential risks involved, and the overall governance of the company. The knowledge is important in evaluating the company’s prospects and stability."