Shareholders of Regency Alliance Insurance Plc have approved changes to the company’s Articles of Association, paving the way for virtual general meetings and electronic participation in its corporate decision-making processes.
The approval was given at the company’s 2026 Annual General Meeting (AGM), held in Lagos on November 6.
Under the revised provisions, shareholders will be able to attend meetings remotely and enjoy the same participation rights as those physically present.
These rights include voting on resolutions, asking questions, speaking and contributing to discussions during proceedings.
The amendments also empower the company’s board of directors to select suitable electronic platforms for hosting virtual meetings and establish procedures for verifying shareholders and their authorised proxies.
Shareholders participating online will also count towards the required quorum, provided they can effectively take part in the meeting.
The resolutions were disclosed in a notice filed with the Nigerian Exchange Limited on November 9, 2026.
Regency Alliance Retains Two Non-Executive Directors
Beyond the adoption of virtual meetings, shareholders re-elected HRM Oba Dr Francis Olusola Alao and Dr Sammy Olaniyi as Non-Executive Directors.
Their re-election followed their retirement by rotation in line with the company’s governance arrangements.
Shareholders also approved the appointment of Adegoke Adewole & Co as the company’s external auditors and authorised the board to determine the firm’s remuneration for the financial year ending December 31, 2026.
Shareholders Approve 2025 Financial Statements
The AGM further approved Regency Alliance’s audited financial statements for the year ended December 31, 2025.
The approval covered the financial statements as well as the accompanying reports of the directors, independent auditors and Statutory Audit Committee.
In addition, shareholders elected three representatives to the Statutory Audit Committee: Chief Amos Idowu, Solomon Sunday Akinsanya and Dr Akin Oladeji.
The board’s representatives on the committee are Kehinde Oyadiran and HRM Oba Dr Francis Olusola Alao.
Shareholders also approved the remuneration of the company’s Non-Executive Directors for the financial year ending December 31, 2026.
The adoption of virtual meetings marks a governance change that could make it easier for shareholders to participate in Regency Alliance’s general meetings, particularly those unable to attend physically.
