Virtual AGMs Now Permitted in Ireland Following December 2024 Legislation

In December 2024 legislation commenced that allows companies to hold virtual and hybrid Annual General Meetings (AGMs) on a permanent basis. This follows the signing into law of the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024, which builds upon temporary measures introduced during the COVID-19 pandemic. 

Initially, the Companies (Miscellaneous Provisions) (COVID-19) Act 2020 permitted virtual AGMs as a temporary response to pandemic-related restrictions. The provision was extended multiple times, most recently until 31 December 2024. 

Recognizing the benefits and efficiencies of virtual meetings, the Irish government made a welcome move to make these provisions permanent.

Key Provisions of the 2024 Act

Companies can now hold AGMs and general meetings entirely virtually or in a hybrid format, combining in-person and electronic participation.

It is important to note that this must be in line with an organisation’s constitution. If a constitution advises that an AGM must be held in-person, then that will remain the case unless amendments to the constitution are made.

Implications for Organizations

For charities and nonprofits, this welcome development can help to facilitate broader engagement with their members, especially those who may face barriers to attending in-person meetings.

This legislative change offers greater flexibility for organisations in conducting AGMs, potentially increasing participation and reducing costs. We encourage our members to review their constitutions to ensure they permit virtual or hybrid meetings and update them if necessary.

Please visit our AGM advice page for further guidance on holding AGMs.