How to hold AGMs and other important meetings at a safe social distance

by Norman Donato Partner, Bartier Perry, and Lucinda Borg Law Graduate, Bartier Perry
  • How to hold AGMs and other important meetings at a safe social distance to provide members a reasonable opportunity of participating — this is both the answer and the challenge of meeting compliance in a COVID-19 environment.
  • ASIC has announced that it will extend their ‘no-action’ position to public companies with a financial year ending between 31 December 2019 and 7 July 2020
  • What should you do NOW to prepare and minimise the risk of non-compliance or disaffecting investors?

In times of a health, as well as an economic crisis, it is even more essential for company members to be kept informed about the material information affecting their investments and have confidence in the management and the safety of their investments. How do you do that effectively with meeting restrictions and social distancing requirements? Heading into the AGM season this issue cannot be avoided. 

While ASIC has released guidelines and temporary changes have been made to the Corporations Act 2001 (Act) to accommodate companies as they arrange their AGMs for 2020, these changes may affect each company differently.

What should directors and company secretaries be doing?

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