- Who is affected
- Directors and management of SGX-listed issuers, and their sponsors and advisers.
Summary
Background Amid the COVID-19 pandemic, virtual general meetings have become the norm following the introduction of temporary legislative relief. The virtual format of meetings has its benefits, not least enabling public health and safety. Based on feedback from the market, SGX RegCo wants to ensure issuers have ample time to put in place arrangements to engage shareholders effectively through physical, virtual-only, or hybrid meetings, as the economy returns to normalcy.
All issuers holding their annual general meetings (AGM) for financial years ending 30 June 2022 or after must conform to the expectations set out in this regulatory update.
This update is a summary of publicly available regulatory guidance prepared by SAC Capital Private Limited for general information. It is not legal advice. Issuers should refer to the SGX Listing Rules and consult their sponsor or legal adviser.