Who can call a shareholders meeting?

Under section 61 of the Companies Act 71 of 2008 (Companies Act), only the board of a company, or any other person specified in the company's Memorandum of Incorporation (MOI) or rules, has the power to call a shareholders' meeting.

Can a board of directors call for a shareholders meeting?

Under section 61 of the Companies Act 71 of 2008 (Companies Act), only the board of a company, or any other person specified in the company's Memorandum of Incorporation (MOI) or rules, has the power to call a shareholders' meeting.

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Call of Special Stockholders' Meeting By Board of Directors of...

Sacramento California Call of Special Stockholders' Meeting By Board of Directors of Corporation

Name: Sacramento California Call of Special Stockholders' Meeting By Board of Directors of Corporation
Brand: US Legal Forms
Rating: 4.6 (424 reviews)

Category:

Corporations - Meetings

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Multi-State

County:

Sacramento

Control #:

US-1051BG

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Generally, if a stockholders' meeting is not called by a person or a group authorized to call such a meeting, the proceedings and decisions which occur at such a meeting will be of no effect. The board of directors is usually considered to be the appropriate body to call stockholders' meetings. Some state statutes allow the stockholders themselves to call a meeting without resort to the courts when corporate management has improperly failed or refused to call a meeting. Unless there is special authorization in the charter or bylaws, a corporate officer, such as the president of the corporation, is not considered a person authorized to call a stockholders' meeting on his or her own authority.

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Under section 61 of the Companies Act 71 of 2008 (Companies Act), only the board of a company, or any other person specified in the company's Memorandum of Incorporation (MOI) or rules, has the power to call a shareholders' meeting.

Most special meetings involve director elections, which typically work pursuant to a less-restrictive plurality standard, rather than a majority standard.

Special meetings of the shareholders may be called for any purpose or purposes, at any time, by the Chief Executive Officer; by the Chief Financial Officer; by the Board or any two or more members thereof; or by one or more shareholders holding not less than 10% of the voting power of all shares of the corporation

The corporation can allow others to call a special meeting, such as the BoD Chair, CEO, or yes, shareholders.

Shareholder meetings are a regulatory requirement which means most public and private companies must hold them. Notification of the meeting's date and time is often accompanied by the meeting's agenda.

Special meetings of the Board of Directors for any purpose may be called at any time by the President or, if the President is absent or unable or refuses to act, by any Vice President or any two Directors.

Board meetings are held more regularly than the annual shareholders' meeting - perhaps once a month, or however frequently the board deems necessary. Board meetings are also generally closed to all but the board, their legal counsel, accountants, and the managing agent or agents.

It is also possible to call a meeting at short notice, providing shareholders holding the requisite percentage in nominal value of the shares giving the right to attend and vote at the meeting agree.

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Agenda items should fill out a Comment Card and give it to the Board President. Call to Order: A Blueprint for Great Board Meetings.• Charter Schools: A Guide for Governance Teams. Most corporations must hold an annual meeting of shareholders. WEST SACRAMENTO, Calif. Place and notice of meetings of board of directors. You can apply in person at our public counter at 700 H Street, Room 1710, Sacramento CA 95814, Monday-Friday a.m. AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. Forprofit organization and world's largest provider of arbitration, mediation and other ADR services. Contacting or directing employees as chairman or acting on behalf of the company or bank.

Sacramento California Call of Special Stockholders' Meeting By Board of Directors of Corporation

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