Understand the Problem
The image provides information about meetings in the context of corporate governance, detailing their importance, requirements for conducting them, and specific reminders regarding timing.
Answer
Meetings of members are essential for company decisions, following set rules and scheduled timings.
Meetings of members are the only means through which members or directors of a company can exercise their powers. Required meetings include the Annual General Meeting (AGM) and Extraordinary General Meeting (EGM). Meetings should follow specific rules, meet during business hours, and avoid national holidays.
Answer for screen readers
Meetings of members are the only means through which members or directors of a company can exercise their powers. Required meetings include the Annual General Meeting (AGM) and Extraordinary General Meeting (EGM). Meetings should follow specific rules, meet during business hours, and avoid national holidays.
More Information
Annual General Meetings (AGMs) deal with routine business, while Extraordinary General Meetings (EGMs) handle special business matters. Compliance with relevant acts and rules is crucial for valid meetings.
Tips
Common mistakes include not adhering to business hours, and scheduling on national holidays.
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