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SHAREHOLDERS' RIGHTS AND DUTIES IN GENERAL MEETINGS CONTENTS Advantages What is a Organization? Division Of Company Powers Between Board And Shareholders The Role Of Investors To promote Corporate Governance

Shareholders' Privileges Types Of Shareholders' Group meetings What Produces a Valid Meeting? Rights And Responsibilities Of Shareholders In Relation To General Meetings

Shareholders' Rights To Vote At General Group meetings Shareholders' Directly to Inspect Enroll Of Directors' Shareholdings In AGM

ACKNOWLEDGEMENT SIDC desires to give thanks to Mr. Richard Kang Shew Meng of PFA Corporate and business Services Sdn. Bhd. to get his permission in removing most of the information in this booklet from his paper, " Shareholders' Legal rights and Responsibilities in General Conferences. " He presented the paper on 29 The spring 2000 with the SIDC Saturday Seminar on " What Investors Should Know - Portion 1" kept at the Investments Commission, Kuala Lumpur.

INTRODUCTION When you buy stocks and shares (whether 1 lot or perhaps more), you become a aktionar of the organization. What then simply are your rights and responsibilities? How can you relate to the management and board of directors (board) of the business? If you are disappointed with the way the organization is being manage, when and where could you voice the grievances or perhaps concerns? As owners of companies, shareholders should perform an active function in exercising their rights. They can take the company directors to activity if consider that the organization is if she is not run ideal of the business. By participating actively, shareholders can motivate openness, sincerity and especially, accountability with the board in addition to so undertaking, enhance the practice of good corporate governance. Another important role of shareholders is at deciding related-party transactions because the Kuala Lumpur Stock Exchange (KLSE) Listing Guidelines require that controlling shareholders abstain from voting in this kind of transactions. It's the shareholders other than the controlling shareholders which will vote in such businesses. Shareholders must view Annual General Meetings (AGMs) really because they offer the opportunity to enable them to meet and question the board over a wide range of problems affecting the business. Shareholders, the moment attending a great AGM may actively take part by: asking any matter pertaining to the business, which has been contained in the annual information raising issues relating to procedural and legal requirements of general meetings raising issues relating to the tactical and monetary management in the company, the near future direction in the company, the goals and objectives as well as its diversification and expansionary coverage, if relevant engaging in outspoken discussions while using directors for the company's performance exerting pressure on the company directors to be more transparent and accountable. At the meeting, shareholders should enquire whether detect of the meeting was given for the auditor and whether or not, the auditor or his sanctioned agent exists at the conference. Shareholders can also inspect the Register of Directors' Shareholdings at the AGMs. Shareholders can exercise their particular rights to propose virtually any resolution intended for consideration and discussion. They will also requisition any statement for circulation that they want other associates to be aware of when contemplating any suggested resolution. Although care has to be taken to make certain that no aktionar or number of shareholders control a meeting and prevent it coming from carrying out their business. From this article you can see, shareholders can contribute for the corporate governance of the organization if they exercise their particular rights appropriately. This report seeks to describe how the benefits of controlling the business is divided between the board of administrators and the shareholders. It will explain your privileges as a shareholder and the function you enjoy in enhancing the corporate governance of the organization.

But first, allow us to explain how a law sights a company and how it divides the forces between the board and the shareholders. We will even give simple...

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