PETALING JAYA: The Securities Commission (SC) has released the Annual General Meeting Corporate Governance Checklist for Shareholders (AGM CG checklist) to promote meaningful dialogue between shareholders and board of directors at annual general meetings.
In a statement, SC chairman Datuk Syed Zaid Albar said the AGM CG checklist is meant to guide shareholders on key issues they may need to consider or raise at an AGM before they exercise their voting rights.
“Shareholders play an important role in driving responsible corporate behaviour and the AGM is one of the platforms where they can raise material issues for discussion or seek explanation from the board and management.
“These relate primarily to resolutions commonly tabled at AGMs such as the appointment of directors, approval of director’s fees and the appointment of auditors. It also reminds shareholders to engage boards on other critical issues including sustainability and anti-corruption measures,” he said.
While the checklist was developed for shareholders, other stakeholders such as consumers and potential investors are encouraged to use the checklist to understand and evaluate the performance, policies and practices of companies.
The checklist was developed in collaboration with the Institutional Investors Council Malaysia and the Minority Shareholders Watch Group (MSWG).
