New Corona Shareholders' Meeting affected Consultations regarding response One after another at 4:23 on May 7
Many companies are worried that the results of their new coronavirus could not be submitted to the general meeting of shareholders due to the fact that the accounts could not be collected in time. We continue to consult with trust banks, who are familiar with the affairs of the general meeting, about what to do if they cannot submit to the general meeting.
In June, many companies that settle financial statements for the fiscal year ending March will open a general meeting of shareholders to approve the financial statements. increasing.
For this reason, trust banks, who are familiar with the affairs of the general meeting of shareholders, are being consulted one after another by companies regarding how to hold another meeting to obtain approval of the settlement of accounts when the meeting is not in time.
Under the Companies Act, approval of financial results is permitted at a meeting called "Continuation Meeting", so Mitsubishi UFJ Trust and Banking has already begun to coordinate with about 30 companies the necessary procedures for holding.
In addition, Sumitomo Mitsui Trust Bank and Mizuho Trust & Banking are also consulting on postponing and continuing meetings of general shareholders' meetings.
The national government is also calling on companies to respond flexibly without hurrying to compile their financial results in order to meet the general meeting of shareholders.
Mitsubishi UFJ Trust and Banking Corporation Deputy General Manager Consulting Department Masahiro Nakagawa said, “Companies are worried about situations that have never been seen before. We want to respond to the situation.”