Thu, Oct 01, 2020 - 2:43 PM THE Accounting and Corporate Regulatory Authority (Acra), the Monetary Authority of Singapore (MAS) and Singapore Ex
Thu, Oct 01, 2020 – 2:43 PM
THE Accounting and Corporate Regulatory Authority (Acra), the Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have updated a checklist that guides listed and non-listed entities on the conduct of general meetings.
This follows latest updates from the Republic’s Multi-Ministry Taskforce to ease safe management measures to facilitate business operations, the three entities said in a joint press statement on Thursday.
Acra, MAS and SGX RegCo said issuers and non-listed companies may continue to conduct their general meetings held on or before June 30, 2021 via electronic means and are encouraged to do so.
“This will help keep physical interactions and Covid-19 transmission risks to a minimum, which remain important in the long term, even as safe distancing regulations are gradually and cautiously relaxed,” the three entities said.
Issuers are also encouraged to adopt enhanced digital tools such as real-time remote electronic voting and real-time electronic communication to facilitate shareholder engagement at the meetings.