20th June 2025, Kathmandu
Liberty Micro Life Insurance successfully held its second Annual General Meeting (AGM) today. The event took place at the company’s head office in New Road, Pokhara. The meeting was led by Chairman Nikolas Pandey, who also heads the company’s Board of Directors.
Liberty Micro Life 2nd AGM
Presentation of Annual Report And Financial Statements
At the AGM, Chairman Pandey presented the annual report for the fiscal year 2080/81. He outlined the company’s key achievements, challenges, and growth over the past year. The report covered business performance, strategic initiatives, and future plans.
Following the presentation, all members engaged in detailed discussions. They unanimously approved the annual report, signaling their confidence in the company’s direction.
The meeting then reviewed the audited financial statements for fiscal year 2080/81. These included the balance sheet as of Ashadh 2081, profit and loss accounts, cash flow statements, and related schedules. The financial reports showed the company’s stable financial health. After a thorough discussion, members unanimously accepted the audited accounts.
Appointment Of External Auditor For New Fiscal Year
One important agenda item was the appointment of the external auditor for fiscal year 2081/82. The AGM discussed the selection of the auditor as well as the proposed remuneration. After evaluating the proposal, members approved both the appointment and the fee. This step ensures continued financial transparency and accountability.
Emphasis On Good Governance And Transparency
Chairman Pandey emphasized the company’s commitment to strong governance. He assured stakeholders that Liberty Micro Life Insurance would continue to maintain transparency and ethical standards in all operations. He highlighted that such principles are key to sustaining growth and building trust.
He also mentioned the company’s focus on expanding its services. With Nepal’s insurance sector growing steadily, Liberty Micro Life Insurance aims to increase its market presence while safeguarding customers’ interests.
Looking Ahead: A Bright Future For Liberty Micro Life Insurance
The successful completion of this second AGM marks a milestone for the company. It reflects its dedication to accountability and stakeholder engagement. Liberty Micro Life Insurance is well-positioned for future growth.
The company plans to build on its current achievements. It intends to invest in new products and customer-centric solutions. Additionally, strengthening operational efficiency and risk management will remain priorities.
The Board of Directors and management team remain committed to these goals. Their efforts will help Liberty Micro Life Insurance grow sustainably and contribute to Nepal’s expanding insurance industry.
Summary
In summary, Liberty Micro Life Insurance held its second AGM in Pokhara under the leadership of Chairman Nikolas Pandey. The meeting approved the annual and financial reports for 2080/81. It also appointed an external auditor for the next fiscal year. The company reaffirmed its commitment to transparency, governance, and growth in Nepal’s insurance market.
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