Ireland: Corporate governance relief measures are proposed (COVID-19)

Ireland: Corporate governance relief measures proposed

The government has approved “priority drafting” of legislation that would include corporate governance provisions and measures for provident societies, all intended to provide relief in response to the coronavirus (COVID-19) pandemic.

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The proposed drafting of the “Companies and Industrial and Provident Societies (COVID-19) (Amendment) Bill 2020” would allow companies to have virtual general meetings, to cancel or reschedule meetings, to allow for cancelation or withdrawal of dividend resolutions, and to allow an extension of time for the annual general meeting for 2020. Similar general meeting provisions would apply for industrial and provident societies.

Read a July 2020 report prepared by the KPMG member firm in Ireland

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