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AGMs and the Impact of Covid-19

Helpful guidance has been published that sets out the options available to companies when holding AGMs in light of the challenges presented by the coronavirus situation.

The report outlines five options that companies can take:
1. Adapt the basis on which they hold the AGM
2. Delay convening the AGM, if notice has not yet been issued
3. Postpone the AGM, if permitted under the articles of association
4. Adjourn the AGM
5. Conduct a hybrid AGM, if permitted under the articles of association
This guidance has been produced jointly by The Chartered Governance Institute and Slaughter and May, with the support of the Financial Reporting Council, GC100, the Investment Association and the Quoted Companies Alliance. The Department for Business, Energy and Industrial Strategy has also reviewed the guidance.
Although as the situation continues to evolve, companies may ultimately have to use more than one of these options.
The guidance looks at the legal, regulatory and good practice issues associated with each option and suggests measures that companies should consider.
To read a copy of the Report click on the Download link



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