Marshall Islands Allows Virtual Shareholder Meetings In Light Of Covid-19

In light of COVID-19, the Marshall Islands has adopted a regulation permitting shareholders to participate remotely in shareholder meetings, including annual shareholder meetings. Under this new regulation, Marshall Islands corporations now have the flexibility to elect to hold a “hybrid” meeting, which is held at a physical location but also allows remote participation by shareholders, or an entirely virtual meeting.

“Shareholders or proxyholders shall be deemed present at and may participate and vote at such meetings “by means of remote communications”, even if not physically in attendance.”

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