Form with which the stockholders of a corporation waive the necessity of a first meeting of stockholders.
Form with which the stockholders of a corporation waive the necessity of a first meeting of stockholders.
The board chair (president), or vice-chair (vice-president) usually runs the Annual General Meeting. They can make rulings on any issues of procedure that aren't covered in the constitution (or standing orders made under the constitution), which is pretty well all of them.
Who Runs an Annual Meeting? In an Annual Meeting, directors do not control as a Board. Each casts their votes on the issues and for the election of any new directors, but this meeting is different than a Board meeting. Most frequently, the President will act as the Chairperson of the meeting.
The chair of a meeting, also known as a chairperson, is the elected officer of an organized group, such as a board or committee. During the meeting, it is a chair's responsibility to prepare the meeting agenda, open the meeting, facilitate discussion and keep the conversation focused and balanced.
Tribunal Intervention: The National Company Law Tribunal has the Authority to order the convening of an Annual General Meeting under Section 97 and Section 98 of the Companies Act, 2013.
AGMs are not just held by companies. For example, universities, schools, charities and unions could all be required to hold an AGM to discuss the future of the organisation or institution in question.