On 18 April 2020, the Securities Commission Malaysia (SC) has issued the Guidance Note and FAQs on the Conduct of General Meetings for Listed Issuers (Guidance Note) to guide all companies listed on Bursa Malaysia Securities Bhd on the conduct of general meetings, including Annual General Meeting and Extraordinary General Meeting during a period when the MCO is in place or outside of an MCO period; but where safe distancing requirements remain (e.g. restriction on mass gatherings). This includes the conduct of fully virtual general meetings and hybrid general meetings.

Click here to download the Guidance Note which includes the form for Application For Time-Limited Travel Exemption for General Meeting (During Movement Control Order) – Appendix 1.

The following illustrates the SC Guidance on Virtual Meetings for Listed Issuers. Click here to download the following.

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For more insight into this area of law, please contact our Partners in the Corporate/Mergers & Acquisitions practice group:
Jerry Ong Kok Wah
Cathryn Chay
David Lee