EPF: Interest of 13mil members impacted if not allowed to vote on corporate proposals

Nasir:

PETALING JAYA: The Employees Provident Fund (EPF), which is a major shareholder in almost all large-capitalisation stocks on Bursa Malaysia, says it should be allowed to vote in the shareholders’ meetings of the companies in which it has invested.

Deputy chief executive officer of investment Mohamad Nasir Ab Latif said if the pension fund was not allowed to vote in companies, especially when it came to major corporate proposals, then it would have an impact on its duties to protect the interest of the members.