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Shareholders meeting |
What are the different kinds of meetings ?
The Annual General Meeting
The Annual General Shareholders Meeting is held annually in order to present detailed information about the company's performance. The Shareholders meeting approves the accounts of the previous financial period, fixes the dividend and its conditions of payment. It appoints, re-elects and removes from office the company's directors and statutory auditors and, if necessary, ratifies the co-optations of directors made by the Board. It authorizes the issue of debenture loans. The decisions must be approved by the simple majority of the shareholders present or represented.
The Extraordinary General Shareholders Meeting
The Extraordinary General Shareholders Meeting is convened whenever decisions involving a change in the articles of incorporation and, notably, a capital increase or reduction must be made. The decisions must be approved by a two-third majority of the shareholders present or represented.
The Combined Annual General Shareholders Meeting
This Shareholders meeting combines both the Annual and the Extraordinary General Meetings at the same date, with the same notification.
The Annual shareholders meeting is attended by all the shareholders, subject to the company's bylaws.
Related web site : Corporate Governance - Actionnaires