The SC’s Corporate Governance Monitor 2020 has reported that at least 74% of shareholders voted in favor of a virtual option in a company's AGM even after social distancing is no longer mandatory. Further, a rallying call for companies to continue leveraging technology to conduct general meetings beyond the pandemic has also been issued by the SC.

“This trend is seemingly mirrored internationally with roughly 86% of AGMs that took place in continental Europe in the first seven months of 2021 embracing a fully virtual modality. It stands to reason that it is imperative for corporations to embrace the strategic pivot to virtual/hybrid to address the march towards ‘living with the virus’…”, says Kasturi Nathan, Head of Board Advisory Services at KPMG in Malaysia.

Explore further the current and the future landscape of AGMs via the attached.