Are you a new start up or setting up a new company? If so setting up a company is the first and important step. Getting the company set up quickly but more importantly correctly will ensure you are on the right step to running your new business. We are experienced chartered secretaries and have all
Posts Tagged: Meeting Minutes
The proper purpose of minutes is to provide a formal, long-term internal record of board meetings for the benefit of an organisation rather than for any third party. Minute taking is an art form and there is now more guidance on the importance of minutes and governance guidance on taking minutes such as the ICSA Guidance.
At some stage, most professional advisors will be required to take minutes of a meeting, be it a management meeting, client meeting or a formal board or members meeting. It is often seen as a chore and what should be recorded differs from one set of minutes to another. The ICSA: The Governance Institute have
The proceedings of directors and how they meet is provided for in Section 157 to 167 of Companies Act 2014. These provisions may be amended in the constitution of the company. The business of a company shall be managed by its directors, who may pay all expenses incurred in promoting and registering the company and
We are due to hold an EGM to amend our constitution. What is the difference between an ordinary and special resolution? Resolutions are decision taken by the members and directors and must be passed in accordance with the constitution and the Companies Act 2014. The Act defines both ordinary and special resolutions of members (shareholders)
The rules regarding members meetings are contained in Part 4 Corporate Governance. The Act brings some clarity in relation to the calling and holding of members meetings. These meetings are important as the directors do not hold all the powers of a company and certain decisions must be referred back to the members for approval.
If you had to identify, in one word, the reason why the human race has not achieved, and never will achieve, its full potential, that word would be “meetings.” ~Dave Barry, “Things That It Took Me 50 Years to Learn The world of business seems to be obsessed with meetings. Meetings do have their usefulness