Annual general meeting minutes value creation: moving forward / Mohd Shazwan Mohd Ariffin, Wan Nordin Wan-Hussin and Siti Seri Delima Abdul Malak

Mohd Ariffin, Mohd Shazwan and Wan-Hussin, Wan Nordin and Abdul Malak, Siti Seri Delima (2020) Annual general meeting minutes value creation: moving forward / Mohd Shazwan Mohd Ariffin, Wan Nordin Wan-Hussin and Siti Seri Delima Abdul Malak. Journal of Administrative Science, 17 (1). pp. 78-95. ISSN 1675-1302

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Abstract

Under Section 343 (1) of Malaysian Companies Act 2016, all public companies are statutorily required to prepare, record and keep their minutes after the general meeting was held. However, starting in 2016, revised Bursa Malaysia Listing Requirements under Chapter 9.21 Paragraph 2(b) only require all public listed companies to publish a summary of key matters discussed at the AGM as soon as possible, after the conclusion of the AGM. The future of AGM minutes is still uncertain as most of the companies are reluctant to disclose their AGM minutes. Instead, they choose to merely comply to the minimum requirements such as the key matters discussed. This paper provides descriptive insights on the AGM minutes based on the level of disclosure especially since this matter had been raised by the Minority Shareholders Watch Group (MSWG) through the Malaysia-ASEAN Corporate Governance report in 2010. Based on the data collected from the MSWG report, the general overview showed that majority of all Malaysian listed companies were unwilling to publish AGM minutes on their corporate websites. This paper examines the importance of disclosure of AGM minutes on corporate websites based on the practical, regulatory and literature perspectives. Guided by the question, “Do you think it is a good move to conduct virtual AGM meetings during an unpleased situation?” this paper may serve as a starting point to further empirical testing or measurements to examine the determinants for AGM minutes.

Metadata

Item Type: Article
Creators:
Creators
Email
Mohd Ariffin, Mohd Shazwan
mohd_shazwan1@oyagsb.uum.edu.my
Wan-Hussin, Wan Nordin
wannordin@uum.edu.my
Abdul Malak, Siti Seri Delima
seridelima@uum.edu.my
Subjects: J Political Science > J General legislative and executive papers
J Political Science > JF Political institutions and public administration > Public administration
J Political Science > JF Political institutions and public administration > Public administration > Records management
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Administrative Science and Policy Studies
Journal or Publication Title: Journal of Administrative Science
UiTM Journal Collections: UiTM Journal > Journal of Administrative Science (JAS)
ISSN: 1675-1302
Volume: 17
Number: 1
Page Range: pp. 78-95
Official URL: http://jas.uitm.edu.my/
Item ID: 47363
Uncontrolled Keywords: annual general meeting, minutes, key matters
URI: https://ir.uitm.edu.my/id/eprint/47363

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47363

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