Key Resolutions from DAAR Communications PLC 16th AGM
- Posted on December 23, 2024
- Editors Pick
- By Samiat
Key Resolutions from DAAR Communications PLC 16th AGM
Date: 11 December 2024
Location: Nicon Luxury Hotel, Area 11, Garki, Abuja
DAAR Communications PLC held its 16th Annual General Meeting (AGM) on Wednesday, 11 December 2024, at 11:00 a.m., where key decisions were made regarding the company’s governance, financial affairs, and operational structure.
Ordinary Business Resolutions
1. Approval of Audited Financial Statements:
• The company’s audited financial statements for the year ending 31 December 2023, along with the reports of the Directors, Auditors, and Audit Committee, were reviewed and duly received by shareholders.
2. Re-election of Directors:
• Approved: The re-election of Prof. Ralph Akinfeleye as a Director was passed and carried.
• Declined: The re-election of Mr. Nornah Awoh as a Director was not carried. He has ceased to be a Director of the company.
3. Appointment of New Directors:
• The following individuals were ratified as new Directors:
a. Mr. Emeka Mba
b. Hon. Magnus Onyibe
c. Mr. Femi Ademola
4. Auditor Remuneration:
• The Directors were authorized to determine the remuneration of the company’s external auditors for the 2024 financial year.
5. Audit Committee Membership:
• Shareholder Representatives:
a. Mr. John Adidi
b. High Chief Vincent Barrah
c. Mr. Yinka Anyawamide
• Board Representatives:
a. Mr. Femi Ademola
b. Hon. Magnus Onyibe
Special Business Resolutions
6. Non-Executive Directors’ Fees:
• The annual fees for Non-Executive Directors were set as follows:
• Chairman: ₦7,000,000 per annum
• Other Non-Executive Members: ₦5,000,000 per annum
• This decision will apply for the 2024 financial year and subsequent years until further review at an AGM.
7. Amendment to the Memorandum of the Company:
• A provision allowing company meetings to be held electronically was approved and incorporated into the company’s Memorandum.
Significance of the AGM Resolutions
These resolutions reflect DAAR Communications PLC’s commitment to transparency, governance restructuring, and operational flexibility. The inclusion of electronic meetings highlights the company’s alignment with modern business practices, while the addition of new directors brings fresh perspectives to its leadership team.
For further inquiries, shareholders and stakeholders may contact DAAR Communications PLC via their official communication channels.
Date: 11 December 2024
Location: Nicon Luxury Hotel, Area 11, Garki, Abuja
DAAR Communications PLC held its 16th Annual General Meeting (AGM) on Wednesday, 11 December 2024, at 11:00 a.m., where key decisions were made regarding the company’s governance, financial affairs, and operational structure.
Ordinary Business Resolutions
1. Approval of Audited Financial Statements:
• The company’s audited financial statements for the year ending 31 December 2023, along with the reports of the Directors, Auditors, and Audit Committee, were reviewed and duly received by shareholders.
2. Re-election of Directors:
• Approved: The re-election of Prof. Ralph Akinfeleye as a Director was passed and carried.
• Declined: The re-election of Mr. Nornah Awoh as a Director was not carried. He has ceased to be a Director of the company.
3. Appointment of New Directors:
• The following individuals were ratified as new Directors:
a. Mr. Emeka Mba
b. Hon. Magnus Onyibe
c. Mr. Femi Ademola
4. Auditor Remuneration:
• The Directors were authorized to determine the remuneration of the company’s external auditors for the 2024 financial year.
5. Audit Committee Membership:
• Shareholder Representatives:
a. Mr. John Adidi
b. High Chief Vincent Barrah
c. Mr. Yinka Anyawamide
• Board Representatives:
a. Mr. Femi Ademola
b. Hon. Magnus Onyibe
Special Business Resolutions
6. Non-Executive Directors’ Fees:
• The annual fees for Non-Executive Directors were set as follows:
• Chairman: ₦7,000,000 per annum
• Other Non-Executive Members: ₦5,000,000 per annum
• This decision will apply for the 2024 financial year and subsequent years until further review at an AGM.
7. Amendment to the Memorandum of the Company:
• A provision allowing company meetings to be held electronically was approved and incorporated into the company’s Memorandum.
Significance of the AGM Resolutions
These resolutions reflect DAAR Communications PLC’s commitment to transparency, governance restructuring, and operational flexibility. The inclusion of electronic meetings highlights the company’s alignment with modern business practices, while the addition of new directors brings fresh perspectives to its leadership team.
For further inquiries, shareholders and stakeholders may contact DAAR Communications PLC via their official communication channels.
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