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Extraordinary General Meeting
An extraordinary general meeting, commonly abbreviated as EGM, is a meeting of members of an organisation, shareholders of a company, or employees of an official body that occurs at an irregular time.' The term is usually used where the group would ordinarily hold an annual general meeting (AGM) but where an issue arises that requires the input of the entire membership and is too serious or urgent to wait until the next AGM. Members and/or shareholders must be informed of the purpose of the EGM so that they may attend in a position where they can discuss and exercise intelligent judgment, or else any resolutions passed are invalid.'''' Procedure Before the EGM the board of the organisation will have agreed upon one or more resolutions that will be put to the shareholders or members for approval at the EGM. The wording of the resolution is sent to the shareholders with a note about its importance. The theory is that the board has a better knowledge of the situation, and the res ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Annual General Meeting
An annual general meeting (AGM, also known as the annual meeting) is a meeting of the general membership of an organization. These organizations include membership associations and companies with shareholders. These meetings may be required by law or by the constitution, charter, or by-laws governing the body. The meetings are held to conduct business on behalf of the organization or company. Purpose An organization may conduct its business at the annual general meeting. The business may include electing a board of directors, making important decisions regarding the organization, and informing the members of previous and future activities. At this meeting, the shareholders and partners may receive copies of the company's accounts, review fiscal information for the past year, and ask any questions regarding the directions the business will take in the future. At the annual general meeting, the president or chairman of the organization presides over the meeting and may gi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deliberative Assembly
A deliberative assembly is a meeting of members who use parliamentary procedure. Etymology In a speech to the electorate at Bristol in 1774, Edmund Burke Edmund Burke (; 12 January ew Style, NS1729 – 9 July 1797) was an Anglo-Irish Politician, statesman, journalist, writer, literary critic, philosopher, and parliamentary orator who is regarded as the founder of the Social philosophy, soc ... described the British Parliament as a "deliberative assembly", and the expression became the basic term for a body of persons meeting to discuss and determine common action. Merriam-Webster's definition excludes legislatures. Characteristics '' Robert's Rules of Order Newly Revised'' by Henry Martyn Robert describes the following characteristics of a deliberative assembly: * A group of people meets to discuss and make decisions on behalf of the entire membership. * They meet in a single room or area, or under equivalent conditions of simultaneous oral communication. * Each member ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resolution (law)
In law, a resolution is a motion, often in writing, which has been adopted by a deliberative body (such as a corporations' board and or the house of a legislature). An alternate term for a resolution is a ''resolve''. In corporations In corporations, a written resolution is especially useful in the case of the board of directors of a corporation, which usually needs to give its consent to real estate purchases or sales by the corporation. Such a resolution, when certified by the corporation's secretary, gives assurance to the other side of the transaction that the sale was properly authorized. Other examples include resolutions approving the opening of bank accounts or authorizing the issuance of shares in the corporation. Legislative bodies In many legislative bodies, the term resolution is the way a motion which has been approved is called. In the United States, resolution means a proposal made in writing, while motion means a proposal made verbally. Houses of a legisl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proxy Voting
Proxy voting is a form of voting whereby a member of a decision-making body may delegate their voting power to a representative, to enable a vote in absence. The representative may be another member of the same body, or external. A person so designated is called a "proxy" and the person designating them is called a "principal". Proxy appointments can be used to form a voting bloc that can exercise greater influence in deliberations or negotiations. Proxy voting is a particularly important practice with respect to corporations; in the United States, investment advisers often vote proxies on behalf of their client accounts. A related topic is liquid democracy, a family of electoral systems where votes are transferable and grouped by voters, candidates or combination of both to create proportional representation, and delegated democracy. Another related topic is the so-called Proxy Plan, or interactive representation electoral system whereby elected representatives would wield ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Act 2006
The Companies Act 2006 (c. 46) is an act of the Parliament of the United Kingdom which forms the primary source of UK company law. The act was brought into force in stages, with the final provision being commenced on 1 October 2009. It largely superseded the Companies Act 1985. The act provides a comprehensive code of company law for the United Kingdom, and made changes to almost every facet of the law in relation to companies. The key provisions are: * the act codifies certain existing common law principles, such as those relating to directors' duties. * it transposes into UK law the Takeover Directive and the Transparency Directive of the European Union * it introduces various new provisions for private and public companies. * it applies a single company law regime across the United Kingdom, replacing the two separate (if identical) systems for Great Britain and Northern Ireland. * it otherwise amends or restates almost all of the Companies Act 1985 to varying degrees ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duomatic Principle
The ''Duomatic'' principle is a principle of English company law relating to the informal approval of actions by a company's shareholders (and, potentially, directors). The principle is named after one of the earlier judicial decisions in which it was recognised: ''Re Duomatic Ltd'' 9692 Ch 365, although in that case Buckley J was approving an older statement of the law from the decisions in ''In re Express Engineering'' 9201 Ch 466 and ''Parker and Cooper Ltd v Reading'' 926Ch 975. It origins lie in the ''obiter dictum'' comments of Lord Davey in '' Salomon v Salomon & Co Ltd'' where he stated that 'the company is bound in a matter intra vires by the unanimous agreement of its members'. The principle will apply even if the articles of association specifies a particular procedure in relation to the subject matter of the decision. It has been noted that although the principle is normally referred to as the ''Duomatic'' principle, the actual rule predates that case by sever ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meetings
A meeting is when two or more people come together to discuss one or more topics, often in a formal or business setting, but meetings also occur in a variety of other environments. Meetings can be used as form of group decision-making. Definition A meeting refers to a gathering with a specific agenda and not just mere gathering of people casually talking to each other. Meetings may occur face-to-face or virtually, as mediated by communications technology, such as a telephone conference call, a skyped conference call or a videoconference. One Merriam-Webster dictionary defines a meeting as "an act or process of coming together" - for example "as ..an assembly for a common purpose ...Meeting – Definition and More from the Free Merriam-Webster Dictionary (n.d.). Dictionary an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Law
Corporate law (also known as company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations. Corporate law often describes the law relating to matters which derive directly from the life-cycle of a corporation.John Armour, Henry Hansmann, Reinier Kraakman, Mariana Pargendler "What is Corporate Law?" in ''The Anatomy of Corporate Law: A Comparative and Functional Approach''(Eds Reinier Kraakman, John Armour, Paul Davies, Luca Enriques, Henry Hansmann, Gerard Hertig, Klaus Hopt, Hideki Kanda, Mariana Pargendler, Wolf-Georg Ringe, and Edward Rock, Oxford University Press 2017)1.1 It thus encompasses the formation, funding, governance, and death of a corporation. While the minute nature of corporate governance as personified by share ownership, capital market, and business culture rules diff ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
