Annual Meeting of the Shareholders
Annual Meeting of the Shareholders
- At a
minimum, your corporation must hold an annual meeting of your shareholders.
Generally, the Annual Meeting of your shareholders will be held at the offices
of your corporation on the date and at the time specified in your by-laws. Any
decision to change the date, time or place of the meeting is subject to meeting
Notice requirements. Your corporation may hold any number of other meetings of
your shareholders (referred to as special meetings) to conduct corporate
business.
Often the Chairman of the Board or the President serves as the Chairman of the shareholders' meeting and the Corporate Secretary serves as the Secretary of the shareholders' meeting. The shareholders may elect anyone of their choosing to serve as Chairman or Secretary of the shareholders' meeting.
At the Annual Meeting, your Shareholders will review the corporation's operating results of the prior year, and discuss the outlook for the future, elect directors, and conduct any other appropriate business. A shareholder who owns shares of voting stock has the right to vote in the board of directors' elections and in other corporate decisions made at the Annual Meeting, in proportion to the shareholder's percentage of the shares of voting stock of the corporation.
The Corporate Secretary must either give proper legal Notice of the date, time and place of the meeting or obtain a written Waiver of Notice signed and dated by each shareholder who did not receive proper legal Notice. The Waiver of Notice may be signed and dated by the shareholder either before or after the meeting. The attendance by the shareholder at the meeting effectively waives the lack of sufficient Notice of the Meeting. The Secretary of the shareholders' meeting is responsible for taking adequate Corporate Minutes of the meeting for inclusion in the Corporate Minute Book together with the Notice of the Meeting, Waiver of Notice, if any, proxies, if any, and any other documents required to be included by the Corporate Minutes of that meeting.
See Shareholders.
Disclaimer: The foregoing is intended to provide general information and may not be suitable in specific instances. The glossary information is not intended to be exhaustive, but rather to illustrate typical considerations. The material is provided with the understanding that it is not legal, accounting, tax or any other professional advice.
Copyright © 2003-2010 LawVantage.com, LLC. All rights reserved.
Important LawVantage.com, LLC and its website, CorporateBoardMinutes.com, do not render any legal, accounting or other consulting advice.
For legal advice, you should always consult with a qualified attorney-at-law.
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Often the Chairman of the Board or the President serves as the Chairman of the shareholders' meeting and the Corporate Secretary serves as the Secretary of the shareholders' meeting. The shareholders may elect anyone of their choosing to serve as Chairman or Secretary of the shareholders' meeting.
At the Annual Meeting, your Shareholders will review the corporation's operating results of the prior year, and discuss the outlook for the future, elect directors, and conduct any other appropriate business. A shareholder who owns shares of voting stock has the right to vote in the board of directors' elections and in other corporate decisions made at the Annual Meeting, in proportion to the shareholder's percentage of the shares of voting stock of the corporation.
The Corporate Secretary must either give proper legal Notice of the date, time and place of the meeting or obtain a written Waiver of Notice signed and dated by each shareholder who did not receive proper legal Notice. The Waiver of Notice may be signed and dated by the shareholder either before or after the meeting. The attendance by the shareholder at the meeting effectively waives the lack of sufficient Notice of the Meeting. The Secretary of the shareholders' meeting is responsible for taking adequate Corporate Minutes of the meeting for inclusion in the Corporate Minute Book together with the Notice of the Meeting, Waiver of Notice, if any, proxies, if any, and any other documents required to be included by the Corporate Minutes of that meeting.
See Shareholders.
Disclaimer: The foregoing is intended to provide general information and may not be suitable in specific instances. The glossary information is not intended to be exhaustive, but rather to illustrate typical considerations. The material is provided with the understanding that it is not legal, accounting, tax or any other professional advice.
Copyright © 2003-2010 LawVantage.com, LLC. All rights reserved.
Important LawVantage.com, LLC and its website, CorporateBoardMinutes.com, do not render any legal, accounting or other consulting advice.
For legal advice, you should always consult with a qualified attorney-at-law.
Website development by
Vine Design.