The following Corporate guidance note provides comprehensive and up to date legal information covering:
This Practice Note summarises the rights members have in relation to general meetings (including annual general meetings (AGMs)). The note examines the members' rights to:
call a general meeting
require the company to circulate a statement relating to a matter to be heard at a general meeting
propose resolutions or a matter to be discussed at the AGM of a public company or a traded company
ask questions at meetings and nominate a person to receive certain information (applicable to traded companies only), and
require audit information to be published on a website ahead of an accounts meeting, and the right to require directors to arrange an independent report on any poll vote taken (applicable to quoted companies only)
Other members’ rights are also covered, including the right to be elected chair, and the rights of indirect investors.
In most circumstances, the directors of the company will call a general meeting.
However the members also have the power to require directors to call a general meeting. This right overrides anything to the contrary in the articles of association. The directors are required to call a general meeting once the company has received requests to do so from:
members representing at least 5% of such of the paid-up capital of the company as carries the
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