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NTUC Income EGM, 18 Feb 2022
22 Jan 2022 (73 views)  

I have submitted four questions to the NTUC Income EGM on 18 February 2022 at 5.30 pm.

1. Will the bonuses of participating policies issued in the past when NTUC Income was a cooperative, be negatively affected by the change in the cooperative status of NTUC Income? If these bonuses will not be negatively impacted, how will the board ensure that this goal is achieved?

2. Will the board form an oversight committee, composed of members elected by the participating policyholders, who has the duty of ensuring that the bonuses distributed on these participating policies are not negatively impacted, for example, by diverting the surplus to pay higher dividends on the share capital?

3. What are the strategies that NTUC Income intended to pursue that cannot be done under its current cooperative structure?

4. If NTUC Income need to increase its share capital, can it ask its life policyholders (i.e. participating members) to subscribe to the additional capital, e.g. by raising the cap in the number of shares that these members can now own, and retain its current cooperative structure?

Tan Kin Lian


NTUC Income EGM, 18 Feb 2022
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I have submitted four questions to the NTUC Income EGM on 18 February 2022 at 5.30 pm.

1. Will the bonuses of participating policies issued in the past when NTUC Income was a cooperative, be negatively affected by the change in the cooperative status of NTUC Income? If these bonuses will not be negatively impacted, how will the board ensure that this goal is achieved?

2. Will the board form an oversight committee, composed of members elected by the participating policyholders, who has the duty of ensuring that the bonuses distributed on these participating policies are not negatively impacted, for example, by diverting the surplus to pay higher dividends on the share capital?

3. What are the strategies that NTUC Income intended to pursue that cannot be done under its current cooperative structure?

4. If NTUC Income need to increase its share capital, can it ask its life policyholders (i.e. participating members) to subscribe to the additional capital, e.g. by raising the cap in the number of shares that these members can now own, and retain its current cooperative structure?

Tan Kin Lian