In the wake of the pandemic, many companies are looking to attract shareholders by offering gifts, food, and other rewards at their annual general meetings. This trend has become increasingly popular as businesses seek to engage and reward their shareholders.
One example of this is the Saigon Commercial Bank for Industry and Trade’s annual general meeting, where shareholder Ms. Huyen Cham received an envelope containing 600,000 VND. The bank spent nearly 200 million VND on gifts for the 328 shareholders in attendance. Similarly, Military Bank (MBB) distributed envelopes containing 500,000 VND to each shareholder at their meeting, amounting to an estimated cost of 1.1 billion VND for the 2,200 attendees. Other banks like SHB and Construction Development Investment Joint Stock Corporation (DIG) also offered cash gifts to their shareholders.
In addition to cash gifts, many businesses are giving away products like rice, fish sauce, household appliances, and health care items to shareholders. PAN Group Joint Stock Company distributed gifts including rice, fish sauce, and various products to its shareholders based on the number of shares they own.
While some businesses are spending significant amounts on gifts for shareholders, others are opting for online meetings without gifts in order to save costs. Companies like Vinamilk, Mobile World, and Hoa Binh Group have chosen online meetings due to financial challenges in the current business environment.
Despite these challenges, giving gifts to shareholders is seen as a way to create excitement and engagement during annual general meetings. Many businesses are hopeful that a recovery in the coming months will benefit both shareholders and themselves financially.
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