The quality of Annual General Meeting Minutes of listed companies in Malaysia
The annual general meeting (AGM) minutes act as an integral part of a good disclosure and transparency in delivering corporate information. Through the content of AGM minutes, shareholders can have an overview of the company's performance. The paper examines the indepth context of the AGM minu...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Othman Yeop Abdullah Graduate School of Business
2020
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/28211/1/GBMR%2012%201%202020%201%2025.pdf http://repo.uum.edu.my/28211/ http://oyagsb.uum.edu.my/component/content/article/66-gbmr/566-business-model-innovation-as-strategic-renewal-process-a-case-of-china-s-most-innovative-firm-8?Itemid=189 |
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| Institution: | Universiti Utara Malaysia |
| Language: | English |
| Summary: | The annual general meeting (AGM) minutes act as an integral part of a good disclosure and transparency in delivering corporate information. Through the content of AGM minutes,
shareholders can have an overview of the company's performance. The paper examines the indepth context of the AGM minutes of listed companies in Malaysia. Using the content analysis,
a self-constructed checklist was developed to measure the quality of AGM minutes of listed
companies in Malaysia. A sample of 115 AGM minutes from various sectors listed in Bursa
Malaysia for the financial year ended December 31, 2016, was reported. The results indicate that
the quality of AGM minutes discloses by listed companies relatively low consistent with the prior
literature that sought for more exploration on the AGM. Using SPSS version 24, a descriptive
analysis was presented in this paper. The low level of AGM minutes' disclosure among Malaysian
listed companies suggests that these companies merely disclose within the mandatory
requirements. The initiative by the Minority Shareholder Watch Group (MSWG) encourages
more disclosure cause listed companies to disclosure additional information such as AGM
minutes' content. The result of this study provides meaningful information, especially on the
quality of AGM minutes' disclosure in Malaysian listed companies, which remained largely
unexplored. The study provides insight contribution of the quality AGM minutes on the corporate website prior implementation of Companies Act 2016. |
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