Organizations have an opportunity to evolve traditional corporate reporting as they look beyond the COVID-19 pandemic.
As we move to the “beyond” phase of the COVID-19 pandemic, multinational companies are trying to understand their immediate or pending obligations in a number of areas. Over the last few months, there has been a number of legislative and regulatory changes in the areas of corporate reporting deadlines and remote attendance at board and shareholders’ meetings.
EY’s Global Corporate and Commercial Law post-COVID-19 Deadline report has been produced to help legal teams understand the position around the world in relation to three pressing obligations:
- Meetings – Whether board meetings and shareholders’ meetings may be remotely held
- Annual accounts – Timeframe for approval and publication of annual accounts (if any)
- Execution – How can the resolutions from such meetings be executed (“wet ink” or digital signatures)
We settled on these three obligations as we believe that these will present organizations with the best opportunity to reimagine their approach to corporate governance. The impact of the COVID-19 pandemic has meant that, when it came to corporate reporting, in many jurisdictions the regulatory authorities were forced to make allowances for delays and provide alternatives to existing procedures.
Access the full article here.
EY Law key contacts:
EY Global Corporate Law Leader
EY Global Entity Compliance & Governance Leader