COVID-19 Corporate Update: Corporate Insolvency and Governance Bill – Governance Implications for UK Public Companies

COVID-19 Corporate Update: Corporate Insolvency and Governance Bill – Governance Implications for UK Public Companies

May 27, 2020, Covington Alert

The UK Government has tabled legislation to assist companies in financial difficulty and to make temporary changes to the law relating to the governance and regulation of companies. The Corporate Insolvency and Governance Bill1 (the “Bill”), which commenced its passage through the UK Parliament on 20 May 2020, is relevant to public companies as it provides for the temporary relaxation of certain requirements regarding annual general meetings (“AGMs”) and other shareholder meetings and the temporary easing of certain statutory filing requirements.