AGMs vs EGMs: What Malaysian Investors Need to Know
AGMs vs EGMs: What Malaysian Investors Need to Know

AGMs vs EGMs: What Malaysian Investors Need to Know

Fri, Dec 6, 2024 6:03 PM

What are AGMs and EGMs?

Annual General Meetings (AGMs) and Extraordinary General Meetings (EGMs) are important meetings for shareholders where investors can have a say in the growth of the company.

In Malaysia, AGMs are mandatory for public listed companies and must be held annually within six months of the end of the financial year. During these meetings, shareholders are able to review the company's performance, approve financial statements, appoint directors, and raise any concerns.

EGMs, on the other hand, are convened as needed to address urgent or significant matters that cannot wait until the next AGM. An example of an EGM was Capital A’s EGM in October 2024 where shareholders were able to vote on the disposal of their aviation business to AirAsia X. It was conveyed as part of the company’s strategic plan to streamline and drive long term growth across its businesses.

Why Should You Attend? 

Attending is your right!

  1.  Stay Informed:  These meetings offer a deep dive into the company's financial health and strategic direction. Imagine being in a room where the company's plans are unveiled, and you get to hear firsthand about new projects, financial performance, and market strategies.
  2.  Have A Say:  You have the power to vote on important resolutions that will affect the profitability and growth of the company.
  3.  Access to the Board: Priceless opportunity to obtain direct interaction with the company's leadership.
  4. Networking: It’s like a networking event where you can connect with like-minded investors and industry experts.
  5. Perks:  Believe it or not, many shareholders look forward to AGMs for the free food and door gifts provided by the hosting company. A nice little bonus for being an investor.

How to Attend an AGM

Rakuten Trade offers a completely digital method to confirming your attendance at AGMs and EGMs with our new Digital-AGM service. 

  1. Login to Your Dashboard:  Access your account via www. rakutentrade.my 
  2. Navigate to My Account:  Click on the “My Account” tab and select your trading account type.
  3. Submit Form:  Go to the “Form” section, click on “Register,” agree to the “Important Note”, complete the form, and tap “Confirm” to submit.
  4. Track Your Request:  You can monitor the status of your request directly from thedashboard. So do login regularly.

Alternatively, here’s the tutorial video.

You’ll receive a confirmation email after the form has been successfully submitted.

While processing may take up to 10 working days, you can always check the dashboard for a status update.  An email will be sent once the request has been approved.

Important Things To Note:

  1. The AGM proxy forms must be submitted at least 10 days before the AGM meeting date.
  2. You must have at least RM30 for Bursa proxy handling fee in your account (A Bursa proxy handling fee of RM20 will be charged if your shareholding is less than 100 shares). 

Need more help? Check out the FAQ here  

Login to your Rakuten Trade dashboard today and take advantage of Rakuten Trade’s new Digital-AGM service! 

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*Only for the Bursa Malaysia market.