After carefully reading this chapter, you will be able:
- Understand the different kinds of meetings held by a company.
- Enumerate the rules of procedure regarding shareholders’ meetings.
- Explain the meaning of some key terms like quorum, proxy, voting, minute and resolutions.
- Describe the importance of directors meetings.
The company is an artificial person in the eyes of law, and it has an entity that is separate from its members. As it is not a physical being, it cannot take decisions on its own. Therefore, the shareholders and their elected representatives called directors take any decision on behalf of the company at regular intervals by holding meetings among themselves.