Association lashes online AGMs

Online annual general meetings (AGMs) undermine shareholder engagement, information accessibility and corporate governance, says the Thai Investors Association (TIA), noting up to 60% of Thai listed firms plan to offer virtual AGMs this year.

- NUNTAWUN POLKUAMDEE

The TIA found declining participation from both shareholders and senior executives, with no improvement in governance standards compared with the previous year.

Most Thai listed companies hold their AGMs in the second quarter, following the submission of annual financial statements to the Stock Exchange of Thailand (SET).

The association's representatives monitor and attend nearly every AGM, particularly those involving significant issues requiring shareholder approval. Key agenda items observed at these meetings include major corporate decisions such as capital increases, large-scale investments, mergers and acquisitions, changes in shareholding structures or management teams, and the appointment of auditors.