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Extraordinary General Meeting
An extraordinary general meeting, commonly abbreviated as EGM, is a meeting of members of an organisation, shareholders of a company, or employees of an official body that occurs at an irregular time.' The term is usually used where the group would ordinarily hold an annual general meeting (AGM) but where an issue arises that requires the input of the entire membership and is too serious or urgent to wait until the next AGM. Members and/or shareholders must be informed of the purpose of the EGM so that they may attend in a position where they can discuss and exercise intelligent judgment, or else any resolutions passed are invalid.'''' Procedure Before the EGM the board of the organisation will have agreed upon one or more resolutions that will be put to the shareholders or members for approval at the EGM. The wording of the resolution is sent to the shareholders with a note about its importance. The theory is that the board has a better knowledge of the situation, and the reso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deliberative Assembly
A deliberative assembly is a meeting of members who use parliamentary procedure. Etymology In a speech to the electorate at Bristol in 1774, Edmund Burke described the British Parliament as a "deliberative assembly," and the expression became the basic term for a body of persons meeting to discuss and determine common action. Characteristics ''Robert's Rules of Order Newly Revised'' by Henry Martyn Robert describes the following characteristics of a deliberative assembly: * A group of people meets to discuss and make decisions on behalf of the entire membership. * They meet in a single room or area, or under equivalent conditions of simultaneous oral communication. * Each member is free to act according to their own judgement. * Each member has an equal vote. * The members at the meeting act for the entire group, even if there are members absent. * A member's dissent on a particular issue constitutes neither a withdrawal from the group, nor a termination of membership. Types ''Ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resolution (law)
In law, a resolution is a written motion adopted by a deliberative body. The substance of the resolution can be anything that can normally be proposed as a motion. For long or important motions, though, it is often better to have them written out so that discussion is easier or so that it can be distributed outside the body after its adoption. An alternate term for a resolution is a ''resolve''. Resolutions are commonly used in corporations and houses of legislature. In corporations In corporations, a written resolution is especially useful in the case of the board of directors of a corporation, which usually needs to give its consent to real estate purchases or sales by the corporation. Such a resolution, when certified by the corporation's secretary, gives assurance to the other side of the transaction that the sale was properly authorized. Other examples include resolutions approving the opening of bank accounts or authorizing the issuance of shares in the corporation. Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proxy Voting
Proxy voting is a form of voting whereby a member of a decision-making body may delegate their voting power to a representative, to enable a vote in absence. The representative may be another member of the same body, or external. A person so designated is called a "proxy" and the person designating them is called a "principal". Proxy appointments can be used to form a voting bloc that can exercise greater influence in deliberations or negotiations. Proxy voting is a particularly important practice with respect to corporations; in the United States, investment advisers often vote proxies on behalf of their client accounts. A related topic is liquid democracy, a family of electoral systems where votes are transferable and grouped by voters, candidates or combination of both to create proportional representation, and delegated democracy. Another related topic is the so-called Proxy Plan, or interactive representation electoral system whereby elected representatives would wield ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Act 2006
The Companies Act 2006 (c 46) is an Act of the Parliament of the United Kingdom which forms the primary source of UK company law. The Act was brought into force in stages, with the final provision being commenced on 1 October 2009. It largely superseded the Companies Act 1985. The Act provides a comprehensive code of company law for the United Kingdom, and made changes to almost every facet of the law in relation to companies. The key provisions are: * the Act codifies certain existing common law principles, such as those relating to directors' duties. * it transposes into UK law the Takeover Directive and the Transparency Directive of the European Union * it introduces various new provisions for private and public companies. * it applies a single company law regime across the United Kingdom, replacing the two separate (if identical) systems for Great Britain and Northern Ireland. * it otherwise amends or restates almost all of the Companies Act 1985 to varying degrees. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Faculty Of Actuaries
The Faculty of Actuaries in Scotland was the professional body representing actuaries in Scotland. The Faculty of Actuaries was one of two actuarial bodies in the UK, the other was the Institute of Actuaries, which was a separate body in England, Wales and Northern Ireland. While the Faculty of Actuaries and the Institute of Actuaries were separate institutions, they worked very closely together, and the professional qualifications and professional standards for actuaries were identical in each of them. On 25 May 2010, voting members of the Faculty who took part in a ballot voted to merge the Faculty with the Institute of Actuaries, thus creating the Institute and Faculty of Actuaries which came into being on 1 August 2010, superseding the Institute of Actuaries which ceased to exist on that date. Establishment of the Faculty of Actuaries The Faculty of Actuaries was founded by 38 Scottish actuaries on 4 January 1856 with the aim of representing the interests of actuaries practisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simon Fraser Student Society
The Simon Fraser Student Society (SFSS) is the students' union of Simon Fraser University in Metro Vancouver, Canada. It was founded after the opening of Simon Fraser University in 1967. The SFSS consists of over 26,000 students with an annual budget of over one million dollars. Membership is mandatory and all SFU undergraduate students members are charged fees collected by the university on behalf of the SFSS. The organization employs both permanent and student staff at their location on the second level of the Maggie Benston Centre on SFU's Burnaby Campus. The student society also has an office and provides services at the satellite campus of SFU Surrey with Shelley Durante as the sole staff operating there. The SFSS has completed the construction of the Student Union Building and Stadium project on the Burnaby campus in August 2020. Together, the two structures are called Build SFU. The SFSS offers services such as a Women's Centre and a LGBTQ+ Centre on the Burnaby campus. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institution Of Engineering And Technology
The Institution of Engineering and Technology (IET) is a multidisciplinary professional engineering institution. The IET was formed in 2006 from two separate institutions: the Institution of Electrical Engineers (IEE), dating back to 1871, and the Institution of Incorporated Engineers (IIE) dating back to 1884. Its worldwide membership is currently in excess of 158,000 in 153 countries. The IET's main offices are in Savoy Place in London, England, and at Michael Faraday House in Stevenage, England. In the United Kingdom, the IET has the authority to establish professional registration for the titles of Chartered Engineer, Incorporated Engineer, Engineering Technician, and ICT Technician, as a licensed member institution of the Engineering Council. The IET is registered as a charity in England and Wales, and in Scotland. Formation Discussions started in 2004 between the IEE and the IIE about merging to form a new institution. In September 2005, both institutions held votes of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duomatic Principle
The ''Duomatic'' principle is a principle of English company law relating to the informal approval of actions by a company's shareholders (and, potentially, directors). The principle is named after one of the earlier judicial decisions in which it was recognised: ''Re Duomatic Ltd'' 9692 Ch 365, although in that case Buckley J was approving an older statement of the law from the decisions in ''In re Express Engineering'' 9201 Ch 466 and ''Parker and Cooper Ltd v Reading'' 926Ch 975. It origins lie in the ''obiter dictum'' comments of Lord Davey in '' Salomon v Salomon & Co Ltd'' where he stated that 'the company is bound in a matter intra vires by the unanimous agreement of its members'. The principle will apply even if the articles of association specifies a particular procedure in relation to the subject matter of the decision. It has been noted that although the principle is normally referred to as the ''Duomatic'' principle, the actual rule predates that case by severa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meetings
A meeting is when two or more Homo sapiens, people come together to discuss one or more topics, often in a formal or business setting, but meetings also occur in a variety of other environments. Meetings can be used as form of Decision-making, group decision making. Definition A meeting is a gathering of two or more people that has been convened for the purpose of achieving a common goal through verbal interaction, such as sharing information or reaching agreement. Meetings may occur face-to-face or virtually, as mediated by communications technology, such as a conference call, telephone conference call, a Skype, skyped conference call or a videoconferencing, videoconference. One Merriam-Webster dictionary defines a meeting as "an act or process of coming together" - for example "as [...] an assembly for a common purpose [...]". [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
