At the 2017 Public Bank AGM, founder and non-executive chairman, Tan Sri Dato’ Seri Dr. Teh Hong Piow, announced that he would be resigning from his role in January 2019 and the appointment of a new chairman would be announced when the right successor has been identified. So at this year’s Public Bank AGM, we wanted to find out whether if a successor has been found, or if the chairman has changed his mind on retirement.
As usual, the AGM was packed with shareholders and proxies who were keen to gain more valuable insights on the company — we estimated that there were over 5,000 people in the crowd! Even with insufficient seats, shareholders were willing to stand to witness the whole meeting.
Here are 10 valuable insights we learned from the 2018 Public Bank AGM:
1. When founder Tan Sri Dr. Teh Hong Piow entered the hall, shareholders …