This morning I was posted into an engagement to scrutineer a listed company's extraordinary general meeting (EGM). Most of us would presumably think that shareholders would be attending the meeting with the intention to use their voting rights; since they are essentially the owners of the company. But..... apparently not.
You see, I was in charged of the registration process whereby the shareholders or proxies elected would come present their identity card and I had to make sure that they are representing the correct shareholder with the correct amount of shareholding. Most of us would have thought shareholders are probably business people who want to enhance their wealth. Apparently not.
This is what I observed:
1. They don't know the meaning of 'line-up'.
2. When asked to present their identity card, they toss it as if we like looking at their photos.
3. When asked to sign the attendance list, they don't have a pen (makes you wonder why bother turning for a meeting without a pen?).
4. Lend them a pen, they toss it rudely on to the table, like we owe them a duty to lend the a pen.
5. I don't recall hearing anyone saying, 'thank you'.
6. They were more concern about getting the RM10 voucher for Kentucky Fried Chicken.
7. Business ettiquete. What's that?
Then, while taking a break from the work, which happened to be tea break of the meeting, the shareholders were invited to have food and some drinks. I was shocked to see what was going on.
My findings:
1. They were never interested about the meeting from the beginning.
2. Many actually brought their own plastic bags to take home the food that was there.
3. They take a substantial amount of food without considering the fact that there were others waiting to eat as well.
In a nutshell, it is pretty safe to say people buy shares in Malaysia purely based on unsound foundation and based on hear-say. In addition, they would do anything to get anything that is free and they are greedy too! Oh yea, there were some of them taking heaps of prospectus and quarterly reports back so they could sell it to the paper recycling centre. How's that for being civilised?
You see, I was in charged of the registration process whereby the shareholders or proxies elected would come present their identity card and I had to make sure that they are representing the correct shareholder with the correct amount of shareholding. Most of us would have thought shareholders are probably business people who want to enhance their wealth. Apparently not.
This is what I observed:
1. They don't know the meaning of 'line-up'.
2. When asked to present their identity card, they toss it as if we like looking at their photos.
3. When asked to sign the attendance list, they don't have a pen (makes you wonder why bother turning for a meeting without a pen?).
4. Lend them a pen, they toss it rudely on to the table, like we owe them a duty to lend the a pen.
5. I don't recall hearing anyone saying, 'thank you'.
6. They were more concern about getting the RM10 voucher for Kentucky Fried Chicken.
7. Business ettiquete. What's that?
Then, while taking a break from the work, which happened to be tea break of the meeting, the shareholders were invited to have food and some drinks. I was shocked to see what was going on.
My findings:
1. They were never interested about the meeting from the beginning.
2. Many actually brought their own plastic bags to take home the food that was there.
3. They take a substantial amount of food without considering the fact that there were others waiting to eat as well.
In a nutshell, it is pretty safe to say people buy shares in Malaysia purely based on unsound foundation and based on hear-say. In addition, they would do anything to get anything that is free and they are greedy too! Oh yea, there were some of them taking heaps of prospectus and quarterly reports back so they could sell it to the paper recycling centre. How's that for being civilised?
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