Beazley Plc – the UK-based parent firm of specialist insurance businesses with operations in Europe, North America, Latin America, and Asia – has made adjustments to its upcoming annual general meeting (AGM) in response to the coronavirus pandemic.
Confirming that the AGM is intended to proceed as planned on March 25 in London, Beazley said shareholders are encouraged to vote by proxy where possible and to follow the latest guidance from the government. An audio link will be provided to those unable to attend but who wish to listen to the meeting; voting through it, however, is not possible.
“The health of the company’s shareholders, as well as its officers, employees, and customers, is of paramount importance,” stated the enterprise, which manages six Lloyd’s syndicates. “The company’s attendance in person will be limited to satisfy the requirements of a quorum; however, the remainder of the board will be available on an audio link.”
Shareholders can vote by proxy in accordance with the instructions provided in the AGM notice sent out to them last month.
“The company will continue to monitor government advice, which is evolving rapidly,” added Beazley. “In the event that our AGM arrangements have to change, the company will issue a further communication via a regulatory news service and on the company’s investor relations page.”
Last week Omaha-headquartered Berkshire Hathaway Inc., the name behind Berkshire Hathaway Specialty Insurance, announced that it will not be allowing shareholders to physically attend its May AGM, which will be streamed.