SHAREHOLDER ACTIVISM AND PUBLICATION OF ANNUAL GENERAL MEETING MINUTES ONLINE: EVIDENCE FROM MALAYSIAN LISTED COMPANIES

نویسندگان

چکیده

This study primarily examined the role of Minority Shareholder Watch Group (MSWG), regarded as an advocate for shareholder activism in Malaysia, encouraging management to take actions shareholders’ interests by making minutes annual general meeting (AGM) available electronically. was assessed through companies monitored MSWG and participation based on percentage issued shares that voted at AGM. The paper utilised secondary proprietary data. Based a sample 261 firms conducted their AGM 2017, we found 43% disclosed comprehensive minutes, 24% only summary key matters discussed rest, no were uploaded corporate websites. From sample, 34% under radar MSWG. We targeted significantly associated with detailed disclosure minutes. However, ownership did not yield significant association. prevalence controlling blocks Malaysian may contribute this result. Overall, result supports notion institutionalised is effective way reduce agency problems information asymmetry between shareholders, minority shareholders. Finally, limitations direction future research are briefly discussed.

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ژورنال

عنوان ژورنال: International Journal of Business and Society

سال: 2023

ISSN: ['1511-6670']

DOI: https://doi.org/10.33736/ijbs.5630.2023