New guidance has just been published on holding shareholder meetings under the Corporate Insolvency and Governance Act 2020, which provides some temporary flexibility for companies until 30 September 2020.
Questions covered include:
- How are companies able to hold shareholder meetings under the Act?
- Are companies able to limit attendance at shareholder meetings?
- What if a company’s articles of association say something different to the Act?
- Can a company which has already issued its notice of meeting change the format
- of its meeting to one allowed under the Act?
- Companies have already been holding meetings on an adapted basis during the
- coronavirus lockdown. What difference does the Act make?
- Do companies that have already held their meetings on an adapted basis during the coronavirus lockdown need to do anything?
- Can companies hold a physical meeting to be attended by shareholders generally?
- Does the Act change a company’s AGM deadline?
The note has been drafted by a Working Party of the City of London Law Society Company Law Committee and The Chartered Governance Institute, with the support of GC100, the Investment Association and the Quoted Companies Alliance. BEIS and the FRC have both endorsed the note.
To obtain a copy of the guidance please click here.