I attended this year Biosensors AGM.
Just to capture some key Q&A.
1. Dividend - Several shareholders asked the Board about dividend. One shareholder actually requested the Board to declare a dividend after the AGM. Another requested the Board to give a special dividend for the Pioneer in celebration of SG50 :)
2. Product roadmap - Concern was raised that as a technology company, Biosensors does not have a pipeline of new products.
3. Visibility in product approval - No sight of light even after 5 years of trying to win approval in China. The Board mentioned that China policy and personnel continue to evolve over time, making the process difficult.
5. Corporate governance - One raised concern that the Board of 10 is too large. Also there should not be an Executive Chairman, the CEO should be the sole person responsible and accountable for the operation of the company.
6. Competition - The Board mentioned that no way they would all who also in the process of seeking approval for competitive product. But their agent Terumo seems to be able to produce and market an OEM version in relatively short period of time.
Anyone there also attended?
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