ANNUAL GENERAL MEETINGS & GOOD CORPORATE GOVERNANCE
By Adrian, Compliance and Governance Officer at Corpus Globe Corporate Solutions (CGCSo)
Section 57(3) of the Companies Act No. 10 of 2017 allows private companies to dispense with the holding of Annual General Meetings (AGMs), other than the first financial year if all members agree in writing, but overreliance on this provision risks undermining good corporate governance.
