The legislative amendments, developed by the Accounting and Corporate Regulatory Authority , the Ministry of Finance , and the Monetary Authority of Singapore after a public consultation in February, are a step in the right direction.They promote inclusivity and widen access to conversations and information that was previously only made available to shareholders who could attend in person.
Besides driving investment interest amongst younger generations, elderly investors looking to prepare for retirement adequacy could also better understand the health of their investments — improving overall stakeholder engagement. This could reduce carbon footprint and give companies another avenue to accelerate their sustainability efforts, contributing to wider societal benefits to hybrid or electronic AGMs.
Many of these features, commonplace in enterprise-level virtual meeting software, replicate how we ensure security at a physical meeting.