BL – Nov 2014 – L1 – SB – Q3c – Company Law

State the three types of company meetings held by incorporated companies.

Question

Meetings of incorporated companies are for diverse purposes.
State the THREE types of company meetings.
(Total 3 Marks)

Answer

Annual General Meeting (AGM): A statutory meeting held once a year where shareholders discuss the company’s performance, approve financial statements, and make key decisions such as the appointment of directors.
Extra-Ordinary General Meeting (EGM): Any meeting other than the AGM, usually convened to address urgent or special matters that cannot wait until the next AGM.
Board Meeting: A meeting of the company’s directors to discuss and make decisions regarding the management and operations of the company.