The Government has proposed the introduction of a temporary possibility for limited companies and cooperative societies to hold their annual general meetings completely without physical participation. The purpose is to combat the spread of the coronavirus.
The proposal means that it will be possible either to hold an annual general meeting by means of online connection in combination with postal votes, or by the shareholders and members participating solely by means of a postal vote. If an annual general meeting is only held by means of postal votes, it must be possible for the shareholders and members to exercise their other rights by post too.
The Riksdag voted in favour of the Government's proposals. The new rules will come into force on 18 May 2020. The rules also apply to, among others, tenant-owner housing associations, cooperative tenancy associations, banking companies, credit market companies and insurance companies. They supplement the previous rules that were introduced recently to facilitate the implementation of annual general meetings.