The Quality of Annual General Meeting Minutes of Listed Companies in Malaysia

  • Mohd Shazwan Mohd Ariffin Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Malaysia
  • Wan Nordin Wan Hussin Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Malaysia
  • Siti Seri Delima Abdul Malak Tunku Puteri Intan Shafinaz Schhol of Accounting, Universiti Utara Malaysia, Malaysia

Abstract





The annual general meeting (AGM) minutes act as an integral part of a good disclosure and transparency in delivering corporate information. Through the content of AGM minutes, shareholders can have an overview of the company's performance. The paper examines the in- depth context of the AGM minutes of listed companies in Malaysia. Using the content analysis, a self-constructed checklist was developed to measure the quality of AGM minutes of listed companies in Malaysia. A sample of 115 AGM minutes from various sectors listed in Bursa Malaysia for the financial year ended December 31, 2016, was reported. The results indicate that the quality of AGM minutes discloses by listed companies relatively low consistent with the prior literature that sought for more exploration on the AGM. Using SPSS version 24, a descriptive analysis was presented in this paper. The low level of AGM minutes' disclosure among Malaysian listed companies suggests that these companies merely disclose within the mandatory requirements. The initiative by the Minority Shareholder Watch Group (MSWG) encourages more disclosure cause listed companies to disclosure additional information such as AGM minutes' content. The result of this study provides meaningful information, especially on the quality of AGM minutes' disclosure in Malaysian listed companies, which remained largely unexplored. The study provides insight contribution of the quality AGM minutes on the corporate website prior implementation of Companies Act 2016.





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Published
2020-06-30
How to Cite
MOHD ARIFFIN, Mohd Shazwan; WAN HUSSIN, Wan Nordin; ABDUL MALAK, Siti Seri Delima. The Quality of Annual General Meeting Minutes of Listed Companies in Malaysia. Global Business Management Review, [S.l.], v. 12, n. 1, p. 1-25, june 2020. ISSN 2600-8416. Available at: <http://e-journal.uum.edu.my/index.php/gbmr/article/view/10730>. Date accessed: 13 aug. 2020.
Section
Articles