Scrutineering Services

Scrutineering Services

 

According to Rule 730A of the Mainboard Rules and Catalist Rules:

 

• All resolutions at general meetings shall be voted by poll;

• At least 1 scrutineer shall be appointed for each general meeting;

• Appointed scrutineer(s) shall be independent of the persons undertaking the polling process; and

• Where the appointed scrutineer is interested in the resolution(s) to be passed at the general meeting, he/she shall refrain from acting as the scrutineer for such resolution(s).

 

A scrutineer is considered independent if:

 

• it is not related to the parties involved in the voting process;

• it does not have an interest in the outcome of the voting; and

• it is not related to the listed company, its directors and controlling shareholders.

 

The above rule was added into the SGX Listing Manual and effective from 1 August 2015 to allow for an equitable and transparent voting process and to provide better assurance of the conduct and integrity of the voting process.

 

Aventus can act as an independent scrutineer of the general meeting if we are not acting as the polling agent. Our scrutineer(s) shall ensure that satisfactory voting procedures and processes are in place before the general meeting and direct and supervise the count of the votes cast through proxy and in person.

 

Information required

 

In order for us to provide an accurate fee quotation to you, we typically require the following information:

 

• Proposed date and time of the general meeting

• Estimated duration of the general meeting

• Estimated number of attendees (i.e. shareholders)

• Mode of poll (Electronic/Manual)