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ARTICLE · 20 MARCH 2020

COVID-19: Practical Considerations: Making Contingency Plans For AGMs

Companies with AGMs scheduled over the coming months are advised to consider alternative solutions in the event that their AGM cannot proceed in the usual manner.

IrelandCorporate/Commercial Law

Companies with AGMs scheduled over the coming months are advised to consider alternative solutions in the event that their AGM cannot proceed in the usual manner.

Companies should follow up-to-date guidance issued by the HSE, government and international organisations monitoring the impact of COVID-19, as circumstances may change at short notice.

Delay

For companies that have yet to issue their AGM notice, one option may be to delay the AGM to later in the year. One draw-back for this approach is that there are statutory limits on the latest date for the meeting and companies will need to consider the following:

  • Not more than 15 months can elapse from the date of the 2019 AGM to the date of the 2020 AGM.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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