Pan-African financial institution, Ecobank Transnational Incorporated (ETI) has announced that its 32nd Annual General Meeting (AGM) will hold on June 30th, 2020 at Eko Hotels and Suites in Victoria Island, Lagos. This was revealed in a disclosure sent to the Nigerian Stock Exchange (NSE).
The company in a statement said; “Due to the ravaging Coronavirus pandemic, the AGM will be held by proxies. The proxy AGM is expected to enable the Pan-African financial institution to abide by the directives issued by governments and agencies regarding COVID-19 and how to contain its spread.”
“As a responsible corporate citizen, ETI intends to strictly comply with this restriction in addition to other applicable health and safety measures. Accordingly, attendance at this year’s General Meetings shall be mainly by proxies in accordance with the Articles of Association of the Company and applicable law.”
However, shareholders have been advised to select any of the company’s top executives including the Chairman, Emmanuel Ikazoboh, and the Managing Director of Ecobank Nigeria, Patrick Akinwuntan to represent and vote on their behalf during the AGM. Proxy forms may be downloaded from the company’s website, filled, and submitted in advance.
Meanwhile, the issues that are up for discussion during the AGM and the Extra Ordinary meeting are enumerated below;
Annual General Meeting
1. Approval of the accounts
2. Appropriation of the Profits
3. Election of Directors
4. Ratification of the co-option of directors
5. Renewal of the appointment of the joint auditors
6. Approval of the Final Board Fees for Retiring Directors
Extraordinary General Meeting
1. Withdrawal of resolution on consolidation of shares
2. Amendment of the Articles
