AGMs
Except for a traded company that is a private company, private companies are no longer required to hold an AGM
Members of private companies no longer have the statutory right to demand that the company holds an AGM except by amending the Articles to require this
Although not able to demand an AGM be held, members of private companies holding 5% of the voting rights can requisition a GM and also have the right to requisition a WR
Every public company and every private company that is a traded company must hold an AGM within the period of 6 months (9 for private traded) commencing on its accounting referencing date
The directors have general authority to convene GMs, including AGMs
Members may have a requisition a GM but not a GM and the court has power to order a GM to be held including as an AGM
Business at AGMs
Receiving the report and accounts laid before the meeting
The declaration of a final dividend
The election or re-election of directors
The reappointment and remuneration of the auditors
Non-binding resolution for approval of directors remuneration report
Resolution at the meeting for the approval of the directors remuneration policy at intervals of not more than 3 years or to approve the adoption of a new remuneration policy
Special resolutions for any proposed alterations to the company's Articles
Ordinary resolution granting authority to the directors to issue additional shares
Special resolution to diassply pre-emption rights on the issue of new shares
Ordinary resolution to authorise the directors to offer shareholders the right to receive new ordinary shares instead of cash for all or part of any dividend
Ordinary resolution to give general authority to make political donations
Members only have the right to propose a resolution to be put at an AGM to appoint a person as a director if that right is contained in their Articles. There is no such provision in the Act or model articles