Holding shareholder meetings under COVID-19 restrictions

With governments imposing severe restrictions on travel and public gatherings as a result of the COVID-19 pandemic, Australian public companies with upcoming annual general meetings (AGM) will be required to consider whether they can either facilitate a hybrid or virtual AGM or whether they should defer the AGM. Whilst either option may result in the company not complying with its obligations under the Corporations Act 2001 (Cth) (Corporations Act), ASIC has confirmed it will take no action against companies for such non-compliance given the unprecedented COVID-19 situation.

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