|The Board should establish and maintain regular dialogue with shareholders, to gather views or inputs, and address shareholders' concerns.|
This Guideline describes the role of the Board when engaging with shareholders.
Apart from general meetings, most of the ongoing engagements with shareholders tend to be conducted by management through roadshows and other forms of communications.
This Guideline indicates that it is important for the Board to establish and maintain regular communication with shareholders. It is better to know their views, and to understand and address their concerns.
Although the Guideline does not state how the Board should go about doing so, the following methods may be useful:
- Staying after the formal general meeting is over to meet up informally with shareholders during the reception.
- Attending investor roadshows, investor meetings, and shareholder days.
- Attending product launches and major marketing events where investors may be present.
- Organising shareholder trips of select Board members, management and major shareholders.
- Participating in online sessions with shareholders using interactive technology.
B. SGX Disclosure Guide
C. Related Rules and Regulations
D. CG Guides
- Board Guide 4.9: Investor Relations [Board Duties].
- Board Guide 7.2: Shareholders. [Stakeholder Engagement].
E. Related Articles
- “Riding out a short-seller crisis” by Elaine Lim. (45KB)
- “Effective shareholders' communications” by Daniel or Lay Huat. (118KB)
- “Rethinking board and shareholder engagement in 2008” by Ira M. Millstein, Holly J. Gregory & Rebecca C. Grapsas. (293KB)
- “Engagement with shareholders by independent directors” by Mike Gray. (88KB)