Sunrise News
Advertisement
Wednesday, July 2, 2025
  • About
  • Advertise
  • Contact
  • Breaking News
  • Business
  • Columnist
  • Entertainment
  • Opinion
  • Politics
  • World News
No Result
View All Result
  • About
  • Advertise
  • Contact
  • Breaking News
  • Business
  • Columnist
  • Entertainment
  • Opinion
  • Politics
  • World News
No Result
View All Result
Sunrise News
No Result
View All Result
Home Business

Wema Bank to hold AGM by proxy, marks 75th anniversary

Editor Sunrise by Editor Sunrise
May 11, 2020
in Business
0
Wema Bank introduces Earn-From-Home scheme as it celebrates 75 years

Wema Bank

0
SHARES
63
VIEWS
Share on FacebookShare on Twitter

Wema Bank which is celebrating its 75th anniversary, has announced that its 2019 Annual General Meeting scheduled to take place on Monday, May 18th 2020 will now hold at the 5th floor of the Wema Towers, Marina Lagos, howbeit, it will be by proxy.

Wema Bank considers the well-being of its shareholders a key priority and given the potential risks of attendance, strongly advises against physical attendance.

Also Read
Real Madrid’s midfielder to miss derby due to appendix surgery

The decision to hold the Annual General Meeting by proxy was made pursuant to regulatory directive and approval. This was made at the time where restriction was placed on movement within and across state borders due to the Federal government’s directive on total lockdown. However, in a bid to control the inadvertent spread of the corona virus, the bank has decided to go ahead with its initial plan of conducting its Annual General Meeting by proxy even after the ease of the lockdown.

Also Read
No plan to regulate social media, says NCC

Due to the severity of matters to be discussed at the Annual General Meeting, the bank has decided that the meeting should not be postponed to a later date than already scheduled, however given the circumstance; the meeting will be kept as short and concise as possible. Amongst the matters to be discussed are audited financial statements for the year, authorization of dividend, election and re-election of directors, and election of members of audit committee. Shareholders are therefore entitled to appoint a proxy to attend and vote in their stead.

Also Read
Why Lil Kesh didn’t upload Gasky’s video on Instagram –Manager

As part of its preparations, the Bank has sent the process and procedure for selection of proxy and advised company shareholders to send their duly completed proxy forms to the office of the Company secretary via [email protected] on or before May 13, 2020.

This decision leverages the leeway made by the CAC in line with the provision of section 230 of the Companies and Allied Matters Act (CAMA) on the use of proxies with the understanding that the quorum for an Annual General Meeting can be achieved either through physical attendance or by proxy.

Also Read
Bisi Olatilo, other express shock over death of Ras Kimono’s wife

Share this:

  • Click to share on X (Opens in new window)X
  • Click to share on Facebook (Opens in new window)Facebook
Previous Post

No licence yet to switch on 5G, says Danbatta

Next Post

Moniya inferno: We’ll rebuild, allocate new shops to old owners, Makinde assures victims

Editor Sunrise

Editor Sunrise

Related Posts

CNG trucks: Dangote’s investment to save Nigerians N1.7trn
Business

CNG trucks: Dangote’s investment to save Nigerians N1.7trn

June 29, 2025
Nigerian Staff of popular Chinese phone company threaten strike, accuse bosses of maltreatment
Technology

Nigerian Staff of popular Chinese phone company threaten strike, accuse bosses of maltreatment

June 28, 2025
FirstBank wins Gold for Best Corporate University in Social & Climate Change Impact
Money Market

FirstBank wins Gold for Best Corporate University in Social & Climate Change Impact

June 27, 2025
Next Post
Moniya inferno: We’ll rebuild, allocate new shops to old owners, Makinde assures victims

Moniya inferno: We’ll rebuild, allocate new shops to old owners, Makinde assures victims

PlusWorldPlusWorldPlusWorld

You might have missed this

  • Experts List Seven Benefits Of Breast Sucking To Women

    Experts List Seven Benefits Of Breast Sucking To Women

    0 shares
    Share 0 Tweet 0
  • Nigerian Staff of popular Chinese phone company threaten strike, accuse bosses of maltreatment

    0 shares
    Share 0 Tweet 0
  • Qudriyyah Movement of Lagos Celebrates Governor Sanwo-Olu at 60, Offers Prayers for Continued Wisdom and Prosperity

    0 shares
    Share 0 Tweet 0
  • Food Safety: NAFDAC, Ministry of Health partners NGO…gives five safer food keys

    0 shares
    Share 0 Tweet 0
  • NRC signs MOU with 4 Polytechnic, varsity on railway engineering training

    0 shares
    Share 0 Tweet 0
  • Full list of chairmen/vice chairmen for 20 local governments and 37 LCDAs in Lagos State

    0 shares
    Share 0 Tweet 0
  • Beneficiaries of past misgovernance desperate to malign Tinubu led gov’t will fail—Dr. Adefuye

    0 shares
    Share 0 Tweet 0
  • TCAN to hold 2025 Transportation Summit in Lagos

    0 shares
    Share 0 Tweet 0
  • NIMC trains corps members for nationwide NIN ward enrolment

    0 shares
    Share 0 Tweet 0
  • Salome Adaidu: Court sentences gospel singer Timileyin to death by hanging

    0 shares
    Share 0 Tweet 0

Recent News

Kogi’s Domestic Debt now 5th Lowest Nationwide—DMO

Kogi’s Domestic Debt now 5th Lowest Nationwide—DMO

July 2, 2025
Lagos: Jandor rallies support for APC candidates, inaugurates Independent Campaign Group ahead of July 12 in LG election

Lagos: Jandor rallies support for APC candidates, inaugurates Independent Campaign Group ahead of July 12 in LG election

July 2, 2025
Tinubu to Saint Lucian Students: Education is your greatest tool, be bold, disciplined and committed

Tinubu to Saint Lucian Students: Education is your greatest tool, be bold, disciplined and committed

July 2, 2025

“This is a very inspiring moment for me,” says Nigerian Medical student in Saint Lucia after meeting President Tinubu and Prime Minister Pierre

July 2, 2025
Sunrise News

© 2025 Sunrise NG

Navigate Site

  • About
  • Advertise
  • Contact
  • Breaking News
  • Business
  • Columnist
  • Entertainment
  • Opinion
  • Politics
  • World News

Follow Us

No Result
View All Result
  • Breaking News
  • Business
  • Entertainment
  • Columnist
  • Featured
  • Health
  • Politics
  • Sports
  • Trending News
  • World News
  • Yoruba News
  • More

© 2025 Sunrise NG

WhatsApp Sunrise News