AXA Mansard Shareholders Retain Three Non-Executive Directors and Approve Ernst & Young as Auditor

AXA Mansard Insurance Plc shareholders re-elected Kola Adesina, Gbola Akinola and Tope Adeniyi as Non-Executive Directors and approved Ernst & Young as external auditor at the company's 34th Annual General Meeting, held virtually on 9 October 2026. Punch Newspapers reported the resolutions, signed by Company Secretary Omowunmi Mabel Adewusi.

AXA Mansard's Board and Auditor Approvals

Shareholders authorised the board to determine Ernst & Young's remuneration and expenses on the recommendation of the audit committee. The external auditor independently examines the company's financial statements and expresses an opinion on whether they present a fair view of its financial position and performance under the applicable reporting framework.

Shareholders approved the composition of the statutory audit committee for 2026. Adebisi Bakare, Henry Akwara and Dayo Afelomo of WSTC Financial Services Limited will serve as shareholder representatives, alongside Abiola Bada and Dan Shuaib as Independent Non-Executive Director representatives of the board.

The meeting approved annual remuneration of N2.5m for the Chairman and N1.5m for each Non-Executive Director for the 2026 financial year and subsequent years until reviewed at an annual general meeting. In a separate resolution, shareholders approved a proposal authorising the company to issue new ordinary shares through a rights issue, subject to regulatory approvals, with the board to determine the final terms. Shareholders also received the audited financial statements for the year ended 31 December 2025, together with the reports of the directors, external auditor and audit committee.

Ernst & Young was appointed as auditor at Mining Americas effective 10 September 2026, replacing McGovern Hurley LLP, Stock Titan reported, with no reservations or reportable events disclosed.

AXA Mansard's Earlier Board and Capital Moves

AXA Mansard sought shareholder approval for a rights issue to raise up to N18.3bn, issuing N2 shares to existing shareholders, as part of the 34th AGM, Punch Newspapers reported in September 2026. The company secured that approval at the meeting on 9 October 2026, with final terms to be set by the board, Punch Newspapers reported in October 2026.

Melina Cotlar resigned as a Non-Executive Director effective 29 May, Premium Times Nigeria reported in July 2026. She joined the board following regulatory approval on 6 April 2023 and served on the Board's Technical and Risk Management Committee.

How Other Insurers and Listed Firms Voted

Hindustan Zinc shareholders approved Amarendu Prakash as CEO and Yogesh Attray as independent director via postal ballot on October 16, 2026, with the CEO resolution passing with 99.72% votes in favour and the independent director resolution with 98.72%, ScanX reported.

BF Utilities completed e-voting for Ajay Charuchandra Kirtane's appointment as Independent Director, with the voting period from September 18 to October 17, 2026, and results due on or before October 21, 2026, ScanX reported.

Poonawalla Fincorp began a postal ballot seeking approval for Kemisha Soni's re-appointment as Independent Director, with remote e-voting from October 17 to November 15, 2026, for a three-year term starting January 30, 2027, ScanX reported.