Types of Meetings Flashcards
1
Q
Annual General Meeting
A
The AGM is required by law (a statutory meeting) and regulations are laid down in the Companies. The AGM gives shareholders the opportunity to discuss company performance during the year, the future plans and elect office bearers for the coming year.
2
Q
Extraordinary General Meeting
A
A meeting open to all shareholders, normally called to discuss special business which cannot be held over until the next AGM, e.g. a rival company wants to buy the business.
3
Q
Board Meeting
A
The business of a limited company is managed between AGMs by its Board of Directors. The Directors hold board meetings at which company policy is discussed and determined.
