Regency Alliance adopts virtual meetings, re-elects two directors

Shareholders of Regency Alliance Insurance Plc have approved amendments to the company’s Articles of Association to accommodate virtual general meetings, allowing investors to participate and vote electronically without being physically present.

The amendment was among the resolutions passed at the company’s 2026 Annual General Meeting held in Lagos on 6 November.

Under the revised provisions, shareholders attending meetings electronically will enjoy the same rights as those participating physically, including voting, asking questions, speaking and contributing to proceedings.

The changes also empower the board to select electronic platforms for conducting virtual meetings and establish procedures for verifying shareholders and their proxies.

The company will also count shareholders participating electronically towards the required quorum, provided they can participate effectively in the proceedings.

The resolutions were disclosed in a notice filed with the Nigerian Exchange Limited on 9 November, 2026.

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Beyond the changes to its governance framework, shareholders re-elected HRM Oba Dr Francis Olusola Alao and Dr Sammy Olaniyi as Non-Executive Directors following their retirement by rotation.

They 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 31 December, 2026.

The shareholders further approved the audited financial statements for the year ended 31 December, 2025, alongside the reports of the directors, independent auditors and statutory audit committee.

Chief Amos Idowu, Solomon Sunday Akinsanya and Dr Akin Oladeji were elected as shareholders’ representatives on the Statutory Audit Committee, while Kehinde Oyadiran and HRM Oba Dr Francis Olusola Alao will represent the board.

The meeting also approved the remuneration of Non-Executive Directors for the year ending 31 December, 2026.