All directors should attend general meetings of shareholders. In particular, the Chairman of the Board and the respective Chairman of the AC, NC and RC should be present and available to address shareholders' queries at these meetings. The external auditors should also be present to address shareholders' queries about the conduct of audit and the preparation and content of the auditors' report.
 
A. Explanation

This Guideline identifies the parties that should be present at general meetings.

The general meetings (AGMs and EGMs) are considered the most important events in the engagement of listed companies with shareholders – when the latter listen to, and approve matters submitted by, the Board.

It is therefore important that all directors are present at the meeting, both as a demonstration of their commitment to the company and of their interest in the views of shareholders; and to answer specific questions that may pertain to their area of responsibility or involvement on the Board.

In particular, it is important that the following personnel are present to provide the needed information, and to respond satisfactorily to shareholder queries:

  • The Board Chairman.
  • The Chairmen of the AC, NC and RC – the three key Board Committees overseeing key aspects of the company and the Board.
  • The external auditors who have independently reviewed and audited the financial statements.

While the Board Chairman conducts the meeting, some questions may be best answered by other directors or the auditors. For example, a question about the CEO’s compensation can be dealt with by the RC Chairman. The Board Chairman should direct these questions to the relevant personnel as appropriate. In some instances, shareholders may direct their questions at specific personnel.

 

B. SGX Disclosure Guide
  • Nil.

 

C. Related Rules and Regulations
  • Nil.

 

D. CG Guides
  • Board Guide 7.2: Shareholders [Stakeholder Engagement].
  • Board Guide Appendix 7B-1: Dealing with Shareholder Activists [Stakeholder Engagement].
  • Board Guide Appendix 7F: General Meetings of Shareholders [Stakeholder Engagement].

 

E. Related Articles

 

eGuide to CG Code
Overview
Board Matters
Principle 1
Guideline 1.1
Guideline 1.2
Guideline 1.3
Guideline 1.4
Guideline 1.5
Guideline 1.6
Guideline 1.7
Principle 2
Guideline 2.1
Guideline 2.2
Guideline 2.3
Guideline 2.4
Guideline 2.5
Guideline 2.6
Guideline 2.7
Guideline 2.8
Principle 3
Guideline 3.1
Guideline 3.2
Guideline 3.3
Guideline 3.4
Principle 4
Guideline 4.1
Guideline 4.2
Guideline 4.3
Guideline 4.4
Guideline 4.5
Guideline 4.6
Guideline 4.7
Principle 5
Guideline 5.1
Guideline 5.2
Guideline 5.3
Principle 6
Guideline 6.1
Guideline 6.2
Guideline 6.3
Guideline 6.4
Guideline 6.5
Remuneration Matters
Principle 7
Guideline 7.1
Guideline 7.2
Guideline 7.3
Guideline 7.4
Principle 8
Guideline 8.1
Guideline 8.2
Guideline 8.3
Guideline 8.4
Principle 9
Guideline 9.1
Guideline 9.2
Guideline 9.3
Guideline 9.4
Guideline 9.5
Guideline 9.6
Accountability and Audit
Principle 10
Guideline 10.1
Guideline 10.2
Guideline 10.3
Principle 11
Guideline 11.1
Guideline 11.2
Guideline 11.3
Guideline 11.4
Principle 12
Guideline 12.1
Guideline 12.2
Guideline 12.3
Guideline 12.4
Guideline 12.5
Guideline 12.6
Guideline 12.7
Guideline 12.8
Guideline 12.9
Principle 13
Guideline 13.1
Guideline 13.2
Guideline 13.3
Guideline 13.4
Guideline 13.5
Shareholder Rights and Responsibilities
Principle 14
Guideline 14.1
Guideline 14.2
Guideline 14.3
Principle 15
Guideline 15.1
Guideline 15.2
Guideline 15.3
Guideline 15.4
Guideline 15.5
Principle 16
Guideline 16.1
Guideline 16.2
Guideline 16.3
Guideline 16.4
Guideline 16.5
eGuide Glossary
Disclosure of CG arrangements
The Role of Shareholders

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