AGM or Annual General Makan ?

[CY09]

Hi Yeh, Bringing your IC is sufficient.

I do agree with views here that most of the lesser known companies have few shareholders attending the AGM and subsequently having lots of food leftover.

[Jacmar]

Hi Yeh, Bringing your IC is sufficient.

Be forewarn that you will be denied entry if you buy your shares under CPF or SRS account. You need to get authorisation to represent the nominee account as a proxy.

[opmi]

Last breadtalk AGM food at old office lousy. Caters
outside food.

Hopefully this year better at new IHQ.
Give vouchers best.

[kagemusha]

Hi Yeh, Bringing your IC is sufficient.

Be forewarn that you will be denied entry if you buy your shares under CPF or SRS account. You need to get authorisation to represent the nominee account as a proxy.

Why deny entry if shares under CPF or SRS? Are they not part of the share base?

[chialc88]

kagemusha,
your share will be held under nominee account aka CPF or Bank (SRS).
For the case of StandChart, same thing-hold under SCB nominee account.

If you wanted to attend your company AGM, you must request CPF or Bank to register your name ASAP.

There is a quota and so please do not be surprised that you can not go because someone else already chop the seats.

Worst case scenario, if you really really wanted to attend, quickly buy some share under "normal" brokerage account (CDP lar), and you will be able to attend.
(mindful of the cut-off date for your purchase)

Love Compassion


A Life not Reflected is a Life not Worth Living.

[greengiraffe]

So many AGMs to attend, so little time

Investors juggle schedules as 400 firms holding meetings till April 30
Published on Apr 18, 2014 1:32 AM
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Genting Singapore shareholders eating out of lunch boxes given out after an annual general meeting at Resorts World Sentosa. The jam-packed AGM season will make scheduling a challenge for investors with extensive portfolios. -- ST FILE PHOTO

By Ivan Teo

SPARE a thought for investor Mano Sabnani, who would like to attend 50 annual general meetings (AGM) over the next few weeks.

His corporate marathon starts with the annual AGM season, a jam-packed period when around 400 companies with a financial year ending on Dec 31 will hold their meetings between now and the April 30 deadline.

Scheduling can be a nightmare for investors with extensive portfolios like Mr Sabnani, as many firms leave it until the last few weeks.

AGMs can be scheduled close to one another or even held concurrently in different locations all across Singapore.

Mr Sabnani, the chief executive of financial consultancy Rafflesia Holdings, is unhappy that he will be forced to miss some meetings.

"The busiest period for me is from April 23 to April 30. I have around 50 AGMs to attend, and I would probably only be able to attend 15 to 20 of them due to time constraints," he said.

The problem is most acute on April 25 and April 28, when 75 AGMs have been scheduled on each of the days.

"I have to choose between attending the AGMs of CapitaLand, Tuan Sing Holdings and ComfortDelGro, all of which I have shares in, because they are all happening on April 25 at 10 am," he added.

Mr Sabnani suggests that the Singapore Exchange (SGX) step in to help spread the AGMs by setting up two-hour time slots for companies to book on a first-come, first-served basis.

"This will free up more time to allow shareholders to attend the meetings and take an active interest in their investments and get a better understanding about how the company is doing," he added.

Mr David Gerald, president and chief executive of the Securities Investors Association (Singapore), proposed that the April 30 deadline for holding AGMs could be extended.

But he concedes that the extension would be ineffective if companies do not space out their meetings or if they wait until the last minute to hold them. He also expressed concern that it might make financial information less useful because the data provided would not be as timely.

An SGX spokesman told The Straits Times that investors with conflicting AGM dates to attend could use proxies. However, Mr Gerald noted that it is not always possible for investors to find proxies. Technology, he argues, could prove to be the real solution to the problem.

"Companies could be required to webcast live their AGM proceedings to enable their shareholders to easily access the meetings and post relevant questions on the annual report for the board to answer."

Construction firm OKP Holdings will have its AGM on April 28. However, after the release of its financial report on Feb 24, it opened an online question-and-answer portal for investors who are unable to attend.

"(This has been our practice) since 2002," said executive director Daniel Or. "The completed Q&As are subsequently published on our company's website."

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[cfa]

Maybe some firms prefer this crash schedule so as to have smaller crowd. If not by compulsion of law , how many of them would organise AGM for the minority shareholders ?

[swakoo]

The same issue every year and SGX not doing anything about it.

So many AGMs to attend, so little time

Investors juggle schedules as 400 firms holding meetings till April 30
Published on Apr 18, 2014 1:32 AM
PRINT EMAIL

Genting Singapore shareholders eating out of lunch boxes given out after an annual general meeting at Resorts World Sentosa. The jam-packed AGM season will make scheduling a challenge for investors with extensive portfolios. -- ST FILE PHOTO

By Ivan Teo

SPARE a thought for investor Mano Sabnani, who would like to attend 50 annual general meetings (AGM) over the next few weeks.

http://www.valuebuddies.com/thread-3181-...l#pid47870

Solution to all this? Own less companies - a concentrated portfolio haha. Or else own companies with different year-ends. Perhaps Mano Sabnani can consider that? Owning >50 companies is akin to buying the index actually!

The Straits Times
www.straitstimes.com
Published on Apr 19, 2013
So many AGMs, so little time for investors
Nearly 400 firms to hold AGMs from now till April 30; call for SGX review

By Rachel Scully

NEXT Friday, investor Mano Sabnani has 22 annual general meetings to attend in a span of about 10 hours, in locations spread out across the island.

[orangetea]

The same issue every year and SGX not doing anything about it. http://www.valuebuddies.com/thread-3181-...l#pid47870

SGX as a regulatory body and ACRA can regulate by imposing a booking slot for all companies say 3~4 AGM per day spread with 1-1.5h of travel time in between

Much like a sports facility booking.

Surely it would enable all shareholders to attend all sessions.

Why should we fault investors who hold many companies?

Taking that further, a third party transcription service, which I find common in US, proves pretty good as investors who cannot attend can read or hear it online when management discuss questions outside the standard reporting posed by analysts and other fellow investors.

[Stocker]

Unless some companies change their financial year, otherwise their AGM will be crashed in almost the same period.