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At the Meeting When you attend the annual meeting, you'll see it's generally an administrative session that follows a specific format set forth well in advance. The format dictates parliamentary procedure, the amount of time allocated for each speaker, and procedures for shareholders who wish to make statements.
One of the most important topics that a first shareholder meeting goes over is the issuance of shares. The value of shares is agreed upon, the value of any assets being exchanged for shares is agreed upon, and and shareholders are issued shares with a bill of sale or certificate of stock.
Before the meeting takes place, the following materials must be disseminated to the shareholders: Proposed resolutions. Company reports. Supporting documentation. Meeting minutes from the prior annual meeting.
The type of meeting primarily depends on the matters discussed in the meeting. Generally, the following issues are under discussion in these meetings: Financial statements, reports of the BoD, and auditor's report. Appointment of the BoD and auditors of the company.
The next order of business is for the chairperson to call the meeting to order by making a simple statement such as, ?This meeting is called to order.? The chair then addresses any items of personal or perfunctory nature, such as welcoming new members and visitors or thanking retiring members.