SIDC Seminar To Promote Awareness Of Shareholders' Rights At General Meetings

Kuala Lumpur, 13 May 1999

The Securities Industry Development Centre (SIDC) of the Securities Commission (SC) will be organising a half-day Seminar On Shareholders' Rights And Responsibilities At General Meetings at the SC on 22 May 1999.

The SIDC seminar aims to promote awareness among shareholders of their rights at general meetings as well as the importance of exercising those rights in a responsible manner.

This seminar is part of on-going efforts to encourage greater and more effective shareholder participation in the governance of companies. The seminar aims to highlight to the majority of investors who are retail-based and have a relatively low level of knowledge of their rights and responsibilities, that it is important for them to realise that they have a role in the governance of companies although the powers of management are delegated to the board of directors.

The seminar will highlight and discuss pertinent topics such as:

the rights of shareholders to attend, speak and vote at general meetings;
the need to divide corporate powers between the board of directors and shareholders at general meetings; and
the meaning of various types of shareholders' meetings i.e. Annual General Meeting, Extraordinary General Meeting and Class Meeting.

The seminar is targeted at retail investors and directors as well as professionals such as company secretaries, accountants and academicians.

Interested parties may contact Rosma Abd Azid of the SIDC at tel. no. 03-654 8590/ fax no: 03-651 5811 or e-mail: [email protected]

SECURITIES COMMISSION MALAYSIA

Issued on behalf of the Securities Commission. Members of the press requiring assistance may contact the Corporate Affairs Department at tel no. 03-6548513 (Ann Teoh) / 03-6548107 (Ida Mariana Azmi) or fax no.: 03-6515078.

Background information:
The Securities Commission (SC), a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. It is the sole regulatory agency for the regulation and development of capital markets. The SC has direct responsibility for supervising and monitoring the activities of market institutions, including the exchanges and clearing houses, and regulating all persons licensed under the Securities Industry Act 1983 and Futures Industry Act 1993.

The Securities Industry Development Centre (SIDC) is the education arm of the SC. It is responsible for facilitating education and research in the development of the capital market in Malaysia through training and dissemination of findings of non-proprietary research. It is also responsible for the development of the SC's resource centre which when fully established will be the premier capital market resource centre for the region.

More information about the SC is available on its homepage at www.sc.com.my