Virtual AGMs, shareholder meetings can continue until June 30 next year

Singapore

ALTERNATIVE arrangements to hold virtual annual general meetings and shareholder meetings can continue regardless of whether Covid-19 restrictions are in place. This was among the amendments to the Covid-19 (Temporary Measures) Act that were passed urgently in Parliament on Friday.

During the second reading of the amendment Bill, Second Minister for Law Edwin Tong said his ministry intends to extend the timeframe to allow alternative arrangements for such meetings until June 30 next year.