Every company is required to comply with the Companies Act and on an annual basis prepare and file financial statements and hold an AGM. Typically this is a service provided to companies by the Company Secretarial Advisors such as CLS Chartered Secretaries or the accountant or solicitors.
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
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 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