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At its Annual General Meeting (AGM) held today, Singapore Exchange Limited (SGX) SGX has successfully conducted electronic poll voting for all resolutions passed (“full poll voting”). It is a first for a listed company in Singapore.
Poll voting works on the principle of one-share-one-vote, as opposed to the prevailing practice of a “show of hands” or one-person-one-vote. The electronic element, which was effected with a hand-held device, allowed votes cast for, or against, each resolution to be tallied and disclosed to shareholders immediately. Results of the resolutions passed at the AGM as well as the EGM are available on SGX website at www.sgx.com
Said Ms Joyce Fong, SGX General Counsel and Company Secretary, “Moving to a vote by poll allows shareholders to cast their votes in direct proportion to their shareholding. With an electronic system, votes are recorded instantly with the results being displayed live on-screen. This reinforces transparency in the voting process. Full poll voting is another milestone in the development of SGX’s corporate governance practices.”
As part of its initiatives to strengthen shareholder participation, SGX has also developed two Investor Guides to aid shareholders make better use of annual reports and contribute meaningfully at AGMs. The guides, in the form of a worksheet, assist investors by highlighting a list of issues and questions that investors should bear in mind when reviewing each section of the annual report and in preparing for the AGM.
