AGMs and the Corporate Insolvency and Governance Act 2020

Our team: Nigel Gordon

On 26 June 2020 the Corporate Insolvency and Governance Act 2020 (CIGA) came into force after a rapid passage through all Parliamentary stages, in a little over a month. The objective of CIGA is to help UK companies and similar entities to continue to trade during the current worldwide pandemic and to avoid insolvency. CIGA aims to achieve this through, amongst other things, temporarily easing company filing requirements, and requirements relating to meetings (including annual general meetings (AGMs).

The effect of the provisions relating to meetings is that CIGA allows virtual (i.e. electronic) meetings to take place even if a company’s articles of association do not currently allow this (which will be the case for most companies).

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