A significant challenge for companies is holding either director or member meetings given the Covid-19 restrictions. Everyone has embraced the new world of virtual meetings through Zoom, Skype, Hangouts etc. While these are useful tools for business and teams to meet, companies need to be mindful of the legislation regarding holding meetings electronically. Before a
Posts Tagged: Member meeting
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.
The rules regarding holding directors meetings and how they meet are provided for in Section 157 to 167 of Companies Act 2014. These provisions may be amended in the constitution of the company. Some of the main directors meetings default provisions are set out below as a guide however before any meeting is convened the
The rules regarding members meetings are contained in Part 4 Corporate Governance of the Companies Act 2014. 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. Before an AGM or EGM is convened, the constitution of
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