What Governance Questions Investors Should Ask At The AGM?

Mr. Tan, a shareholder of company X, was present at its Annual General Meeting. As he was not certain about the function of internal audit of the company, he decided to clarify his doubts at the AGM and asked the Board, “Does your listed company have an IA function?” The CEO replied, “That is a very good question. Let me start by highlighting that listed companies are required to disclose in their annual reports any deviations from the Code of Corporate Governance. What is the Code of Corporate Governance? It is under the purview of the Monetary Authority of Singapore and Singapore Exchange. It is stated in the Code that “The Company should establish an effective internal audit function that is adequately resourced and independent of the activities it audits.” When a listed company is unable to comply with the Code, it must be explained in our annual reports the reasons for deviation from the Code.

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Has The Bull Market Run Out Of Steam?

Anyone who has been on a long car journey with children in the back seat will know just how demanding the trip can sometimes be.

Generally, things tend to start off on a fairly good footing with everyone filled with excitement. But it doesn’t take long before the inevitable “are we there yet” question pops up.

What are responsible parents supposed to do in that situation?

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IA is Independent Assurance

Companies are operating in an increasingly complex business environment. In addition to facing intense competition, companies have to deal with more rules and regulations. At the same time, companies need to be more effective and efficient in running their business operations in order to improve the bottom line.

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When To Invest?

Someone stopped me at the junction of Stevens Road and Scotts Road the other to ask for direction to the Singapore Botanic Gardens.

I looked at him, smiled and told him that if I was walking to the Botanic Gardens, then I most definitely would not be starting from here. I don’t think he quite appreciated my peculiar sense of humour.

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