The precedent and meeting format set by Scangroup has now been adopted by other listed companies. Already Absa, Britam, KCB, Kakuzi and Liberty Kenya have all announced virtual meetings with their shareholders based on the hybrid meeting rules used by Scangroup. In the US, 30 states allow companies to hold virtual-only calls, and eight only allow physical meetings, with the rest allowing a combination of both. This year, regulators in other African countries have also allowed listed companies to conduct virtual AGMs. The era of virtual meetings is now officially open.

Source: Daily Nation May 31, 2020 18:55 UTC