XY Ltd is a company listed on the Australian Securities Exchange (ASX) and is located in Melbourne. Leo is its company secretary and he is beginning to make arrangements for the company's 2022-2023 Annual General Meeting (AGM) which will be held in its office in Melbourne. There are currently severe rainstorms and floods in Queensland which will prevent many of the company's Queensland members from attending in person. The company's managing director tells Leo that if those members cannot attend the AGM in person, they won't be able to attend. Is this correct? Is there anyway that the Queensland members could attend the meeting without leaving Queensland?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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XY Ltd is a company listed on the
Australian Securities Exchange (ASX) and
is located in Melbourne. Leo is its
company secretary and he is beginning
to make arrangements for the company's
2022-2023 Annual General Meeting
(AGM) which will be held in its office in
Melbourne. There are currently severe
rainstorms and floods in Queensland
which will prevent many of the
company's Queensland members from
attending in person. The company's
managing director tells Leo that if those
members cannot attend the AGM in
person, they won't be able to attend. Is
this correct? Is there anyway that the
Queensland members could attend the
meeting without leaving Queensland?
Transcribed Image Text:XY Ltd is a company listed on the Australian Securities Exchange (ASX) and is located in Melbourne. Leo is its company secretary and he is beginning to make arrangements for the company's 2022-2023 Annual General Meeting (AGM) which will be held in its office in Melbourne. There are currently severe rainstorms and floods in Queensland which will prevent many of the company's Queensland members from attending in person. The company's managing director tells Leo that if those members cannot attend the AGM in person, they won't be able to attend. Is this correct? Is there anyway that the Queensland members could attend the meeting without leaving Queensland?
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