On 15 April 2020, The Nigerian Stock Exchange (the “NSE”) published the “Guidance on Companies’ Virtual Board, Committee, and Management Meetings” (the “Guidance”) in response to the legal and regulatory uncertainties occasioned by the COVID-19 pandemic and the current inability of companies’ board, board committees and management teams to hold physical meetings.
The Guidance provides direction to stakeholders on how to successfully convene and hold virtual meetings during the COVID-19 pandemic and other times of business disruption when physical meetings cannot be held. Furthermore, the Guidance sets out best practices and procedures in relation to the conduct of virtual meetings in order to ensure business continuity and compliance with corporate governance standards.
