You work as the F&M Berhad Company Secretary, a Bursa Malaysia listed company. F&M Berhad's fiscal year
Question:
You work as the F&M Berhad Company Secretary, a Bursa Malaysia listed company. F&M Berhad's fiscal year ends on June 30 (which is also today's date). The Chair of F&M, Sarah Rowling, has sent you the following email that contains the following:
"As you know I do not see the point in having an AGM-so can we abolish ours or at least just make it available as a live broadcast only via the internet so the shareholders will not ask questions? When is the last time we need to hold an AGM? I am going on vacation, so if I'm not back by then, what do you think about you chairing the AGM as our governance expert? 1 doubt any of the board members will agree to serve as chair."
To save time if we do have another AGM, do we really need to man resolutions each year to the Final paper) re-appoint the directors, including Antonio whom as you know the board appointed as a director last month?
Prepare a reply to Sarah which considers the relevant statutory, regulatory, and governance matters raised in her email and also explain to her with regards to AGM for Public Listed Company (PLC) and the important concerns that need to be addressed.
Advanced Accounting
ISBN: 978-1934319307
2nd edition
Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III