Under the current framework, if you invest into Singapore listed shares using your CPF money, you do not get the full rights during Annual General Meetings (AGM).
This is because banks who provide nominee services like DBS Nominees and Citibank Nominees can only appoint a maximum of two proxies to attend shareholder meetings.
Thus, you would only be allowed to attend as an observer with no power to speak or vote.
A change to the Companies Act will now provide for multiple proxies, thus allowing all beneficial shareholders to participate in the meetings with full rights.
Another change to the Companies Act will allow public companies to issue shares with multiple and non-voting rights to provide them with greater capital management flexibility. This was an issue of contention in the Manchester United listing earlier on this year.