The Capital Markets Authority acting CEO Wyckliffe Shamiah, said the Authority is now allowing the progression of some of the activities usually sanctioned during Annual General Meetings (AGMs) for listed companies. The boards of listed firms have also been allowed to progress the appointment and remuneration of auditors. Board decisions on these matters will need to be tabled at the AGMs, once convened, for ratification. However, firms that do not have any challenges publishing their financial statements as normal in the newspapers were encouraged to do so. The industry players are keen to ensure that the capital markets remain functional and accessible during this challenging period.

Source: The Star April 04, 2020 14:26 UTC