Shareholder meetings under the Corporate Insolvency and Governance Act 2020

On 26 June 2020, the Corporate Insolvency and Governance Act received Royal Assent. It was a complex measure, making significant changes to insolvency and corporate governance law to reflect the needs of companies and other organisations during the COVID-19 pandemic. Leaving aside the significant changes to insolvency regulation, we are talking here about nothing less than a significant erosion – albeit temporary and very necessary – of shareholder rights enshrined in the articles of association and the Chartered Governance Institute has published an update to its guidance on shareholder meetings during the COVID-19 pandemic to reflect these changes.

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