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The Corporate Insolvency and Governance Act 2020 in June 2020 introduced some welcome but temporary changes to the corporate governance and insolvency regime up to 30 September 2020. There have been recent extensions to some of those relaxations made by Regulations and Philip Gordon has outlined those changes relating to insolvency in more detail: https://www.edwardsandcompany.co.uk/blog/1031/changes-to-ciga-and-why-directors-should-be-wary

Some companies and community benefit societies have already taken advantage of the relaxed regime such as the rules to allow AGMs and general meetings to be held electronically over video conferencing platforms. This applied regardless of what the articles of association provided. Others have held hybrid meetings where a few people are present in one location and the rest join by electronic means.  These relaxations have been extended until 30 December 2020. However the provision to allow AGMS to be postponed until 30 September 2020 has not been extended beyond that date.

This window of opportunity provides a gap to allow companies and community benefit societies to amend their articles to provide for general meetings and AGMS to be held electronically for the future. To amend your articles please get in touch with Jenny Ebbage.

 

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