27 Mar 2020

AGMs and impact of COVID-19: Supplemental Guidance

This note gives supplemental guidance on ways for companies to prepare for their 2020 AGMs as the spread of the COVID-19 virus is raising a number of issues to consider.

Since we published our joint guidance with ICSA on the impact of COVID-19 on AGMs, the Government has enacted additional measures, including restrictions on public gatherings, which will pose further challenges. In the light of this, updated guidance has been prepared suggesting how companies can continue to hold their AGM (or another general meeting) should they wish to.

This supplemental guidance was prepared by a number of City law firms, including Slaughter and May, and The Chartered Governance Institute, with the support of the Financial Reporting Council, GC100, the City of London Law Society Company Law Committee, the Investment Association and the Quoted Companies Alliance. The Department for Business, Energy and Industrial Strategy (BEIS) has also reviewed the guidance.

 

 

This material is provided for general information only. It does not constitute legal or other professional advice.

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Contact Information
Nilufer von Bismarck
Partner at Slaughter and May
Andrew Jolly
Partner at Slaughter and May