What is a Corporate Meeting?
Corporate or company meetings are statutorily-required meetings held by incorporated organizations for their major stakeholders. These business meetings are often attended by the company’s officers, directors, and shareholders to discuss and transact the ordinary or special business of the company.
According to Law Insider, ordinary business refers to matters discussed and decided during the Annual General Meeting, which is held at least once yearly. They include topics such as the company’s financial statements, recruitment of auditors, the appointment of directors and company officers, and dividend declaration.
Special business, on the other hand, refers to any business other than ordinary business, including business transacted at an extraordinary general meeting. Why are corporate meetings important?
Meetings are generally valuable in ensuring alignment within an organization, facilitating decision-making, and building relationships. However, corporate meetings perform other unique and complex functions
