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Members & Shareholders knowledge of board meetings.

Re: Members & Shareholders knowledge of board meetings.

Postby dls » Sat May 06, 2017 6:48 am

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Re: Members & Shareholders knowledge of board meetings.

Postby Hairyloon » Sat May 06, 2017 9:53 am



Thanks, but other than by calling a meeting, for which we would need to find 10% of the members, I don't spot anything helpful to the point there.
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Re: Members & Shareholders knowledge of board meetings.

Postby atticus » Sat May 06, 2017 11:29 am

As I said, members appoint directors to manage. The decision making responsibility is handed over to them.

Directors can, however, be removed by members. Under company law, a simple majority at a properly convened General Meeting does the job.
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Re: Members & Shareholders knowledge of board meetings.

Postby dls » Sat May 06, 2017 2:23 pm

There is no direct duty to deal with members as you requested. They will produce an annual report which includes the financial reports. They can be called to account at a company general meeting called by members.

If the company is also a company as such (still not 100%) the formal members of the company (not those said to be the objects of the company's purposes) have the rights given by company law and the articles.
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Re: Members & Shareholders knowledge of board meetings.

Postby Hairyloon » Sat May 06, 2017 8:32 pm

dls wrote:They can be called to account at a company general meeting called by members...


Indeed so, but how is a member to find the other members in order to call a such meeting, except, for example at one of those meetings?

For the record, this seems to be a very worthwhile project run by well meaning people: there is no suggestion of impropriety. There are simply concerns met by an apparent reluctance to divulge information...
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Re: Members & Shareholders knowledge of board meetings.

Postby atticus » Sat May 06, 2017 8:43 pm

Have you spotted anything in the rules about the procedure for calling a general meeting?
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Re: Members & Shareholders knowledge of board meetings.

Postby Hairyloon » Sat May 06, 2017 9:04 pm

Yes, a meeting can be called by 100 members or 10% of the membership. A little difficult without knowing who are members.

But you may note that I said apparent reluctance. I'm hoping that appearances are deceptive, so first plan is to test that hypothesis: suggest they call a general meeting, to go over the issues.
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Re: Members & Shareholders knowledge of board meetings.

Postby Hairyloon » Mon May 08, 2017 11:21 pm

Hairyloon wrote:first plan is to test that hypothesis: suggest they call a general meeting, to go over the issues.


And that plan got pre-empted. They got knocked back on their proposals and have called a meeting to decide what to do next...
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