Newspaper article from our research archive:

More disclosure, less cronyism expected of listed companies.

Byline: Nuntawun Polkuamdee

Oct. 2--Local fund managers complain that listed companies fail to disclose sufficient information ahead of annual shareholder meetings.

According to the Association of Investment Management Companies, fund managers voted no or abstained 871 times during annual shareholders' meetings this year, primarily for agenda items that were not disclosed ahead of the meeting or for employee stock option plans (Esop) involving more than 5 percent of total paid-up capital.

Maris Tarab, the AIMC president, said 667 abstentions or no votes were made, mostly in cases where directors or major shareholders sought to add new agenda items to a meeting vote ...

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