Shareholders meetings = general meetings – (elect chairperson)
Member = Shareholder → allows a discussion on activities of company and also allows fundamental decisions.
A.G.M. = must have one every year (see list & explanation)
E.G.M. = any meeting that is not an A.G.M. (see list & explanation)
[also Distinguish a Board of Directors meeting and its resolutions. Similarities with notices, agenda, quorum, chairman etc.]
Resolutions = to resolve = to decide → decisions at meetings
Companies Act sets out how resolutions are to be passed.
See list Ordinary Resolution v Special Resolution
> 50% v ≥ 75%
Voting Procedure = Show of hands = 1 hand 1 vote (rarely used)
Poll = 1 share = 1 vote
(Proxy = substitute for a shareholder)
Procedure at Company General Meetings = see list. Define quorum; minutes;chairman.
