BMA update on board meetings during pandemic
The Bermuda Monetary Authority says it expects registered companies in Bermuda to continue to conduct their board meetings by telephone, video conference or other virtual means, where it is not practical to meet physically due to the challenges arising from Covid-19.
This guidance covers the period to the end of September.
In a notice, the BMA said it recognises the significant challenge Covid-19 continues to have on registrants' ability to hold physical board of directors meetings in Bermuda.
It said: “In assessing compliance with the requirement to hold physical board meetings in Bermuda for the
period ending 30 September 2020, the Authority will take into account all circumstances including
registrants' inability to hold such meetings due to logistical and health difficulties resulting from
Covid-19.”
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