Ogier has reported receiving an increasing number of queries from companies and investors on how best to manage the upcoming AGM season in light of the Covid-19 pandemic and the Government of Jersey's introduction of restrictive measures reflecting the UK's advice to stay at home.
In response, Partner Simon Dinning (pictured) commented: “Covid-19 is putting pressure on boards to make decisions quickly about upcoming AGMs, with the introduction of new measures meaning that shareholders are now not able to attend in person.
“Public companies incorporated in Jersey have a legal obligation to hold an AGM in each calendar year with not more than 18 months elapsing between the date of one AGM and the next.
"When considering an AGM in the current environment, the UK guidance is a really useful starting point as much of this will be broadly applicable in Jersey. The aim of the guidance is to assist boards to find a practical solution in such a difficult situation.”
• The guidance can be found here