VERITAS KAPITAL SEEKS APPROVAL FOR BOARD CHANGES, DIRECTORS’ PAY

Veritas Kapital Assurance Plc will seek shareholders’ approval for key board and corporate governance matters at its 49th Annual General Meeting scheduled for October 16, 2026.

The insurer will ask shareholders to approve the remuneration of its non-executive directors for the year ending December 31, 2026, as well as the appointment of Planet Governance Advisory Limited as its board evaluation consultant.

Shareholders will also consider the re-election of three directors retiring by rotation: Babatunde Irukera, Paul Oki and Emmanuel Etuh. The three directors have offered themselves for re-election in line with the Companies and Allied Matters Act 2020.

The meeting will also feature the election of members of the Statutory Audit Committee, which is required to comprise three shareholder representatives and two non-executive directors.

Shareholders are expected to consider the company’s audited financial statements for the year ended December 31, 2025, alongside the reports of the directors, external auditors and audit committee.

They will also authorise the board to determine the remuneration of Ernst & Young, the company’s external auditors.

The AGM will be held virtually, while shareholders can submit questions and comments ahead of the meeting. The company said the register of members will be closed from October 1 to October 15, 2026.