COVID-19: Treasurer clears the way for virtual meetings

The general meeting is a feature of the Australian listed environment – hundreds of members milling around with management of the organisations where their life savings are invested. On the other hand, management of listed entities need to obtain the sanction of their members for more than 20 different types of corporate activities. All of these meetings have traditionally involved interactions that are now impossible because of the risk of infection in the time of the COVID-19 pandemic.

To help listed entities hold an effective virtual meeting, the Treasurer Josh Frydenberg announced several key initiatives yesterday designed to facilitate a new age of corporate governance.

Member meetings in a world of regulated physical proximity