As efforts to contain the coronavirus contagion continue to ramp up worldwide, re/insurance industry leaders are taking a number of actions to comply with movement restrictions, while ensuring AGMs meet regulatory requirements. But what are the rules in different jurisdictions. Intelligent Insurer investigates.
“The availability of proxy voting and — subject to special rules in the articles — online attendance and online voting does not relieve public companies from holding physical shareholder meetings.” Boris Klasener, partner at global law firm K&L Gates.
· Lockdowns disrupt in-person attendance
· Postponed or adjourned meetings bring complications
· Video conferencing and other tech to be put to the test
· Firms urged to note differences between state and federal laws
Lockdowns will make things more complicated for leaders preparing for their AGMs, but there are a number of options, depending on which country you are in.
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