Hi AK,
I attended an AGM recently. It was a China company. Basically, no one from the management attend. No Chairman, no CEO, no executive director. The only person there to conduct the meeting is a newly appointed independent director (2016).
We were there to review financial period 2015, hence the director replied to most of the questions was that he was not with the company. The company secretary (representative from a secretarial services) and auditor was present. Oops, by the way, the auditor has flagged in the annual report on going concern.
Can the meeting be held without anyone from the management to answer shareholders' queries? I tried to check the requirement online, but I can't find regarding who must attend. ACRA requirement only mentioned minimum number of members.
The accounts of the company raised a lot of questions on the flow of underlying cash. The company was cash rich (and still is till today). However, over the past ......