The Annual General Meeting
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The Annual General Meeting

Introduction The Com­pa­nies Act impos­es on every com­pa­ny the oblig­a­tion to hold a gen­er­al meet­ing year­ly, but what does a gen­er­al meet­ing real­ly entail? The gen­er­al meet­ing of a com­pa­ny must be con­duct­ed once every year, hence why it is called the Annu­al Gen­er­al Meet­ing (“AGM”). While a com­pa­ny may call oth­er meet­ings dur­ing the...

Essential Duties and Responsibilities of a Director
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Essential Duties and Responsibilities of a Director

Introduction As many of you are aware, com­pa­nies are formed and found­ed by share­hold­ers, how­ev­er, this does not mean that the com­pa­ny is man­aged and admin­is­tered by its share­hold­ers. On the con­trary, each com­pa­ny has its offi­cers, each hav­ing dif­fer­ent roles, respon­si­bil­i­ties and pow­ers for the man­age­ment and admin­is­tra­tion of the com­pa­ny. The first direc­tors...