AGMs – a gathering too far?

In these uncertain times, the impact of COVID-19 on the ability to hold an Annual General Meeting will present a challenge for companies, shareholders and market participants as Governments impose social distancing measures. How to facilitate engagement with shareholders and the granting of corporate approvals (including for final dividend payments), normally standard procedures, will fall into question.

Practical considerations

Timing

Timing of an AGM and consequences of missing deadlines.

Attendance

Obligations for physical attendance and requirements for a quorum.

Remote attendance

Possibility of remote voting and requirements to change articles to enable remote voting. Practical issues related to remote voting.

Dividend payments

Requirements in order to pay dividends including voting majorities and implications of delayed or cancelled AGMs.

Regulations/guidance from regulators

Up-to-date information on the regulators’ stance in regards to AGMs and change of regulations.