WorldStage– Regency Alliance Insurance Plc has released the official resolutions passed by its shareholders at the Annual General Meeting (AGM), held on October 6, 2026, at The Zone Business Hub in Gbagada, Lagos. The meeting highlighted key governance updates, board leadership continuity, and a strategic modernization of the company’s Articles of Association to embrace virtual participation.
Key Financial Approvals and Governance
Shareholders formally received and approved the Audited Financial Statements for the year ended December 31, 2025, alongside the reports from the Directors, Independent Auditors, and the Audit Committee.
To maintain leadership stability, HRM Oba Dr. Francis Olusola Alao and Dr. Sammy Olaniyi were successfully re-elected as Non-Executive Directors following their retirement by rotation. Additionally, Messers Adegoke Adewole & Co Chartered Accountants were appointed as the company’s new auditors, with the Board of Directors authorized to determine their remuneration for the 2026 financial year.
Strengthening Oversight
The Statutory Audit Committee was reconstituted for the upcoming year, featuring a balanced mix of shareholder and board representatives:
Shareholder Representatives: Chief Amos Idowu (FCA), Mr. Solomon Sunday Akinsanya, and Dr. Akin Oladeji (FCA).
Board Representatives: Mr. Kehinde Oyadiran and HRM Oba Dr. Francis Olusola Alao.
Modernizing Corporate Governance: Virtual Meetings Adopted
In a significant move toward digital transformation and accessibility for investors, shareholders approved a special resolution amending Clause 44 of the company’s Articles of Association.
The new provisions formally institutionalize virtual and electronic general meetings, allowing shareholders participating remotely to exercise their full rights—including speaking, voting, asking questions, and being counted toward a quorum. The Board of Directors is now empowered to establish secure platforms, identity verification protocols, and operational procedures to ensure seamless digital engagement moving forward.
