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ARTICLE · 01 MAY 2020

COVID-19's Impact On AGMs – Strategies To Consider

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Although the world may be on pause to contain the spread of covid-19, annual general meetings (AGMs) season is upon us.

BermudaCoronavirus (COVID-19)

Although the world may be on pause to contain the spread of covid-19, annual general meetings (AGMs) season is upon us.

As social distancing rules coincide with the period during which AGMs may need to be held, companies are carefully consulting their bye-laws, statute and any applicable listing rules as well as coordinating with registrars and venue providers to assess their options:

  • Opt out
  • Postpone if permitted under the bye-laws
  • Adjourn
  • Delay if notice has not yet been issued
  • Hybrid meeting
  • Virtual meeting

This article considers the legal and practical issues of each option to assist companies that are grappling with the thorny issue of how to effectively deal with 2020 AGM season.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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