In the recent board meeting of Chippy Dynasty Bhd (CDB), the board has instructed you as a Company Secretary to arrange the company’s 6th Annual General Meeting (AGM). The board has not decided whether to handle fully virtual or hybrid AGM.
In the same meeting, the board also considered expanding into property business in the northern region.  Alina Abu Bakar, one of the directors, made a proposal to purchase shares of FRM Sdn Bhd in order to venture into a new production plant in the region.  Currently, FRM Sdn Bhd has a single director, Dato’ Khalid Usman, who is also a director of CDB. The motion, however, was not yet resolved at the meeting. Since property development is a risky business in the current economic situation, the board has agreed to appoint an independent property expert.
Earlier the board has received a requisition letter from Dato’ Roslan and his wife, both of whom own 11% of the company’s share capital. They requested to convene a meeting to remove one of the directors, Dato’ Khalid Usman from his office. They also proposed Ms Janice Wong be named as a new director to replace Dato’ Khalid. Dato’ Danish, the chairman of the Board, would like to ignore the requisition letter because he does not agree with the idea to remove Dato’ Khalid.

REQUIRED

(c)Suggest whether the AGM should be handled as fully virtual meeting or hybrid meeting. Provide your arguments.

Answer rating: 100% (QA)

In the Companies Act 2016 section 327 the meetings of members can be at two or more venues Section 3... View the full answer