A general meeting is a meeting of a company’s shareholders (unlike a board meeting, which is a meeting of the company’s directors). A general meeting can be either a non-routine meeting of a company called for a specific purpose (eg for the appointment of a director by the shareholders) or an annual general meeting.
A general meeting is generally called regarding exceptional company issues. For example:
- the appointment or removal of a company director
- amending the company’s articles of association
- approving significant loans
Instead of holding a general meeting, shareholders may also make decisions by means of written resolution. For more information, read Company resolutions.