KUALA LUMPUR: All public listed companies (PLCs) on Bursa Malaysia must hold hybrid or physical general meetings from March 1, 2025, the Securities Commission (SC) and Bursa Malaysia Bhd
announced today.
In a joint statement, they noted that during the Covid-19 pandemic, PLCs were permitted to hold fully virtual general meetings.
However, despite the end of the pandemic, it has been observed that more than 50% of PLCs still conduct fully virtual annual general meetings (AGMs) during the first half of 2024.
SC chairman Datuk Mohammad Faiz Azmi said while fully virtual meetings served their purpose during the pandemic, it is time for PLCs to transition to hybrid or physical meeting formats.
“Shareholder meetings, especially AGMs, are important sessions to engage the board and management.
“Domestic and international investors have also expressed their preference for hybrid or physical meetings. It reinforces good governance by promoting transparency and accountability,” he said.
Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said: “The exchange fully supports the hybrid approach as it strikes the right balance between accessibility and engagement. Leading by example, we ensure greater accessibility and inclusivity for all shareholders, to foster trust and a more engaging dialogue.”
This requirement will apply to all general meetings of PLCs on the Main and ACE Markets of Bursa Malaysia held from March 1, 2025.
Bursa Malaysia will provide further details in due course.
