Electronic Communication for Companies
The government has announced that a bill has been introduced to permanently allow companies the use of technology to meet their regulatory requirements, which was allowed temporarily as a result of Covid.
The changes will allow for the following;
- Allow meetings to be held physically, as a hybrid, or (if expressly permitted by the entity’s constitution) virtually, provided that members, as a whole, are given reasonable opportunity to participate in the meeting.
- Allow companies (and registered schemes) to meet their obligations by being able to send documents in hardcopy or soft copy, and give members the flexibility to receive documents in their preferred format and;
- Provide flexibility to allow documents, including deeds, to be validly executed in technology neutral and flexible manners, including by company agents.