Antecedents of AGM Shareholder Activism in Malaysian Public Listed Companies and the Role of MSWG Activism as a Moderator


  • Nur Sabrina Abdul Razak Rajan Fakulti Sains Pentadbiran dan Pengajian Polisi, Universiti Teknologi MARA, Shah Alam, Malaysia
  • Sarina Othman Fakulti Sains Pentadbiran dan Pengajian Polisi, Universiti Teknologi MARA, Shah Alam, Malaysia



Shareholder activism, Public listed companies, MSWG activism, AGM


Shareholder activism and awareness of their rights at Annual General Meetings (AGMs) is one of the most contentious problems related to corporate governance. This study examines the relationship between company size, performance, directors' remuneration, and AGM shareholder activism. Using financial reports year 2021, stratified random sampling of 256 Bursa Malaysia Main Market listed companies was adopted. The Bursa Malaysia website provided all the annual reports and the AGM minutes. Findings reveal no correlation between company size, performance, director remuneration, and AGM shareholder activism. The study also found that MSWG activism does not moderate the association between these variables.


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How to Cite

Abdul Razak Rajan, N. S., & Othman, S. (2023). Antecedents of AGM Shareholder Activism in Malaysian Public Listed Companies and the Role of MSWG Activism as a Moderator. Environment-Behaviour Proceedings Journal, 8(SI15), 13–18.