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Companies postponing AGMs and EGMs, switching to online meetings | Malay Mail

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KUALA LUMPUR, April 20 — It has been 34 days since the movement control order (MCO) was enforced on March 18 and many companies have postponed their annual general meetings (AGMs) and extraordinary general meetings (EGMs) in response to the government’s call to curb the spread of the Covid-19....

The country’s stock exchange operator, Bursa Malaysia Bhd, has itself deferred its AGM from March 31 to April 29 and advised shareholders to attend the adjourned 43rd meeting remotely using the Remote Participation and Voting facilities. — Picture by Firdaus Latif

The country’s stock exchange operator, Bursa Malaysia Bhd, has itself deferred its AGM from March 31 to April 29 and advised shareholders to attend the adjourned 43rd meeting remotely using the Remote Participation and Voting facilities. Eco World Development Group Bhd and Eco World International Bhd today notified that their AGMs, initially scheduled for March 25, would be postponed to May 19, with both being held using the RPV facilities.

“Therefore, the online AGM also supports the company’s endeavour of maintaining our standards of corporate governance as it will enable Westports to conduct its AGM within six months of its financial year end without requiring any extension of time,” it added. Companies that have deferred their meetings more than once include digital advertising media company Asia Media Group Bhd, which has postponed its 12th AGM twice from March 25 to April 8 and then to May 6 with all the agenda of the meeting remaining unchanged.

A similar stand is taken by Paragon Globe Bhd, which initially postponed its EGM from March 18 to April 2 . Its directors have since decided that the EGM would be convened on another date to be determined in due course subject to the announcement of the authorities.

 

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