Directors (Board) Meetings
Board meetings are an opportunity for the Directors to remove themselves from the daily distractions of business and focus on the overall management and future direction of their company. Directors may convene Board Meetings at any time during the year. Corporate governance dictates six meetings per annum.
General (Members) Meetings
An Annual General Meeting of the Member(s) must be held as it’s name suggests once in every calendar year. The AGM must, at a minimum deal with:
- presentation of Accounts, and;
- re-appointment of Auditor.
Any other items requiring Member(s) approval such as changes to company name or the Constitution (formally referred to as Memorandum & Articles of Association) are dealt with by a specifically convened meeting called the Extraordinary General Meeting.
All companies must hold an Annual General Meeting, although private limited companies have the right to dispense with convening a physical Annual General Meeting and instead hold it by way of a Written Resolution.