Minutes Of Annual General Meeting Research Articles

SHAREHOLDER ACTIVISM AND PUBLICATION OF ANNUAL GENERAL MEETING MINUTES ONLINE: EVIDENCE FROM MALAYSIAN LISTED COMPANIES

This study primarily examined the role of Minority Shareholder Watch Group (MSWG), regarded as an advocate for shareholder activism in Malaysia, in encouraging management to take actions in shareholders’ interests by making minutes of annual general meeting (AGM) available electronically. Shareholder activism was assessed through companies monitored by the MSWG and through shareholder participation based on percentage of issued shares that voted at the AGM. The paper utilised secondary and proprietary data. Based on a sample of 261 firms that conducted their AGM in 2017, we found that 43% firms disclosed comprehensive AGM minutes, 24% firms only disclosed summary of key matters discussed and for the rest, no AGM minutes were uploaded on their corporate websites. From the sample, 34% of firms were under the radar of the MSWG. We found that firms targeted by MSWG were significantly associated with detailed disclosure of AGM minutes. However, shareholder participation through ownership voted at the AGM did not yield a significant association. The prevalence of controlling blocks in Malaysian firms may contribute to this result. Overall, the result supports the notion that institutionalised shareholder activism is an effective way to reduce agency problems and information asymmetry between controlling shareholders, management and minority shareholders. Finally, the study limitations and direction for future research are briefly discussed.

Disclosure of AGM Minutes on Corporate Website: An Assessment of Malaysian Listed Companies

Disclosure of annual general meeting (AGM) minutes on the corporate website is considered as additional disclosure. Consequently, Listing Requirements states compulsory disclosure of corporate information. In this regard, the awareness of compulsory disclosure of information among all Malaysian listed companies in 2017 was below expectations. Despite the role of AGM minutes as documented proof of meeting, the management had been reluctant to disclose AGM minutes on the corporate website unless demanded by the shareholders. This paper focuses on previous mandatory disclosure of discussions on key matters after AGM minutes among 261 listed companies based on the financial year ended December 31, 2016. The findings indicated that shareholder activism and the role of grey directors exerted influence on the disclosure of AGM minutes on the corporate website. Undoubtedly, management and investors have contributed toward voluntary disclosure in line with the government’s role to enhance shareholder rights. Besides, grey directors’ contribution towards information disclosure has remained relatively unexplored.

The Quality of Annual General Meeting Minutes of Listed Companies in Malaysia

The annual general meeting (AGM) minutes act as an integral part of a good disclosure and transparency in delivering corporate information. Through the content of AGM minutes, shareholders can have an overview of the company's performance. The paper examines the in- depth context of the AGM minutes of listed companies in Malaysia. Using the content analysis, a self-constructed checklist was developed to measure the quality of AGM minutes of listed companies in Malaysia. A sample of 115 AGM minutes from various sectors listed in Bursa Malaysia for the financial year ended December 31, 2016, was reported. The results indicate that the quality of AGM minutes discloses by listed companies relatively low consistent with the prior literature that sought for more exploration on the AGM. Using SPSS version 24, a descriptive analysis was presented in this paper. The low level of AGM minutes' disclosure among Malaysian listed companies suggests that these companies merely disclose within the mandatory requirements. The initiative by the Minority Shareholder Watch Group (MSWG) encourages more disclosure cause listed companies to disclosure additional information such as AGM minutes' content. The result of this study provides meaningful information, especially on the quality of AGM minutes' disclosure in Malaysian listed companies, which remained largely unexplored. The study provides insight contribution of the quality AGM minutes on the corporate website prior implementation of Companies Act 2016.

Disclosure of AGM Minutes on Corporate Website: An Assessment of Malaysian Listed Companies

Disclosure of annual general meeting (AGM) minutes on the corporate website is considered as additional disclosure. Consequently, Listing Requirements states compulsory disclosure of corporate information. In this regard, the awareness of compulsory disclosure of information among all Malaysian listed companies in 2017 was below expectations. Despite the role of AGM minutes as documented proof of meeting, the management had been reluctant to disclose AGM minutes on the corporate website unless demanded by the shareholders. This paper focuses on previous mandatory disclosure of discussions on key matters after AGM minutes among 261 listed companies based on the financial year ended December 31, 2016. The findings indicated that shareholder activism and the role of grey directors exerted influence on the disclosure of AGM minutes on the corporate website. Undoubtedly, management and investors have contributed toward voluntary disclosure in line with the government’s role to enhance shareholder rights. Besides, grey directors’ contribution towards information disclosure has remained relatively unexplored.

Disclosure Annual General Meeting Minutes on the Corporate Website: A Panacea toward a Good Governance

Annual general meeting or known as AGM as the place for the management and shareholders to sit together to discuss the company with the objective of profit maximization and to promote organizational accountability. Based on the observation from a period of 2012 to 2017, the disclosure of AGM minutes on the corporate website increase over the year. However, the number is still below 50% in overall Malaysian public listed companies. This paper aims to highlight the importance of AGM minutes as one of the key success factors toward good governance. Based on this paper, the management of the company such as the board of directors, the company secretary, and related parties will take the initiative to publish good quality of AGM minutes as a panacea toward good governance.

AHA Annual General Meeting Minutes 9 July 2008, Old Arts Theatre a, University Of Melbourne, Parkville Campus

AHA Annual General Meeting Minutes 9 July 2008, Old Arts Theatre a, University Of Melbourne, Parkville Campus

Minutes of the RANZCP 2003 Annual General Meeting Minutes of the 2003 Annual General Meeting of The Royal Australian and New Zealand College of Psychiatrists held at the Hotel Grand Chancellor, Hobart, Tasmania on Wednesday 14 May 2003 commencing at 3.30 pm

Minutes of the RANZCP 2003 Annual General Meeting Minutes of the 2003 Annual General Meeting of The Royal Australian and New Zealand College of Psychiatrists held at the Hotel Grand Chancellor, Hobart, Tasmania on Wednesday 14 May 2003 commencing at 3.30 pm

Annual General Meeting minutes

Annual General Meeting minutes

Annual General Meeting minutes

Annual General Meeting minutes

Canadian Institute of Food Science and Technology Annual General Meeting Minutes: Wednesday, June 7, 1989 Quebec Municipal Congress Center Quebec City, Quebec

Canadian Institute of Food Science and Technology Annual General Meeting Minutes: Wednesday, June 7, 1989 Quebec Municipal Congress Center Quebec City, Quebec

Annual General Meeting minutes

Annual General Meeting minutes

Minutes of Annual General Meeting

Minutes of Annual General Meeting

Minutes of Annual General Meeting of the Australian Optometrical Association held at Town House Motel Hindley Street, Adelaide on Friday, 31st October, 1975

Minutes of Annual General Meeting of the Australian Optometrical Association held at Town House Motel Hindley Street, Adelaide on Friday, 31st October, 1975

Minutes of Annual General Meeting held at Cambridge University on 7th August, 1952

Minutes of Annual General Meeting held at Cambridge University on 7th August, 1952