AGM ( Annual General Meeting ): "Food" For Thought!!
image credit to biztreemgmt.com |
While
looking at the piling up of “Annual Reports “ be it in the form of CD-R or book",
we know that company’s AGM is just around the corner. As stocks investors,
you will have the same experience as these annual report keep coming into your
mailbox during this time.
Company are
required by law to hold a general meeting of its shareholders each year (the
Annual General Meeting - "AGM"). If an important matter requiring
shareholder approval cannot wait until the next AGM, the company will call an
Extraordinary General Meeting ("EGM").
There was an article
from The Business Time on “Bunching up of AGMs in April getting worse” that many companies still choose to hold their meeting in April and in particular
the last few days of the month. ( you may read the full report here
)
As an ordinary shareholder you are entitled to attend, speak
and vote at general meetings of the company and of course, enjoy the food or
beverage provided after the meeting. Some company may opt for giving out the
shopping voucher as a token of appreciation for shareholders to attend these
meeting. Nevertheless, this must not be the main reason for any shareholders to
attend the AGM.
This is an important article to remind us that why AGM is not just about food and how the logistic
part could turn out to be a nightmare if you have thousands of shareholders
attending the meeting with “food “ as their purpose “New 'normal' at AGMs
provides food for thought “ ( here ).
But we can not rule out that many of them are serious and genuine shareholders who even took leave to attend the meeting and hope to get the first-hand information about the future prospect of the company.
Keppel Corp AGM 2016
:
These are two very good links on why it is important for shareholders
to attend the AGM and asking questions with regards to the company’s performance
and future prospect.
Why AGMs, EGMs Are Important ( from ShareInvestor.com: here )
Three
Questions to Ask in an Annual General Meeting ( from Fool.com.sg: here
)
Sometimes,
AGM could turn out to be an emotional one especially if the company are not doing
well financially. You may notice many “tough “ or sometimes "irrational" questions being asked when investors moods are different, at least this is my experience (
A Tale of Two AGMs: here
)
How
about you? mind to share your experience in attending any company’s AGM for
stocks you have invested.
Cheers
!!
Quote Of The Day :
"People invest with their emotions. They process information differently.
Prices fluctuate more than values—so therein lies opportunity. "
by Joel Greenblatt
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