Time for AGMs to be more forward-looking
Source: The Business Times
Published on: 2026-04-07 23:12
TRADITIONALLY, annual general meetings (AGMs) have focused on reporting where the board and company executives take shareholders on a lookback at the organisation's performance. AGM agenda mainstays include the review of audited financial statements, appointment of directors and auditors as well as discussion of dividends. This is quite unlike the extraordinary general meetings (EGM), which are considered more forward-looking, given that these focus on significant, structural developments in the company that cannot wait until the next AGM. Companies have conventionally refrained from voluntarily making forward-looking statements over concerns that these may be deemed speculative and create added risks of legal responsibilities and liabilities. However, regulators like the Singapore Exchange and investor rights groups have recently started urging companies to provide forward guidance ...
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