Lagos, June 22, 2023

RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING OF CORNERSTONE INSURANCE PLC

At the 31st Annual General Meeting of Cornerstone Insurance PLC (the Company) held at the AGIP Recital Hall, MUSON Centre, Onikan, Lagos on Wednesday, 21st June 2023 at 1:00pm, the following resolutions were duly passed:

  1. That the Audited Financial Statements for the year ended 31st December 2022, together with the reports of the Directors, Auditors and Audit Committee be received.
  2. That pursuant to Section 273 of the Companies and Allied Matters Act 2020, the election of the Director- Mr. Steven Alangbo be and is hereby approved.
  3. That pursuant to Section 285 (1) of the Companies and Allied Matters Act 2020, the re-election of the retiring Directors- Prof Ogechi Adeola, Mr. Steve Iwenjora and Mr. Chidebere Nwokeocha be and is hereby approved.
  4. That pursuant to Section 408 of the Companies and Allied Matters Act 2020, the Directors be and are hereby authorized to fix the remuneration of the Company's Auditor, KPMG Professional Services, for the financial year ending December 31, 2023.
  5. That pursuant to Section 404 (3) of the Companies and Allied Matters Act 2020, Messrs. Henry Olayemi, Chibuzor Emmanuel Eke and Oyetunde Emilius Olaitan be and are hereby appointed as representatives of the shareholders on the Statutory Audit Committee of the Company. The Board representatives on the Statutory Audit Committee is Ms. Elizabeth Amadiume.
  6. That pursuant to the rules of the Nigerian Exchange Limited governing transactions with related parties or interested persons, the Company is authorized to procure goods and services necessary for its operations from related third parties.
  7. That the Directors be and are hereby authorized to enter and execute agreements, deeds, notices or any other documents, and to perform all acts and to do all such other things necessary for or incidental to give effect to resolutions above, including but not limited to appointing professional parties, consultants and advisers and complying with the directives of the regulatory authorities.
    Uloma Okoro

Segun Adebanji - {Chairman} || Steven Iwenjora | Ekwunife Okoli | Elizabeth Ngozi Amadiume | Ogechi Adeola

Ganiyu Musa - {GMD/CEO} | Chidiebere Nwokeocha - E.D. Institutional Business

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Cornerstone Insurance plc published this content on 23 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2023 15:36:37 UTC.