Proceedings of directors
The directors of companies meet to discuss, strategize and determine the running of the business, adjourn meetings and regulate their meetings as they think fit. However directors of companies must be aware...
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What are resolutions?
Resolutions are decisions taken by the shareholders or directors of a company at meetings which become binding on the company and determine the next action of the company. Types of Resolutions Ordinary...
What is a Board Meeting?
A board meeting is a formal meeting of the directors of the company which is held at intervals to put down policies, plan strategies for the future of the company and discuss the issues and problems of the...
What is a general meeting?
A General meeting of a company is a meeting of both shareholders and directors where decisions about the company is taken. There are two types of general meetings according to CAMA; Annual General meeting...
What is a Notice of Meeting?
A notice is sent to shareholders of a company or the directors of the company, stating the date, time and venue of shareholders meeting or board of directors meeting. A notice of meeting must be effected or...
How to change company directors
Directors are the alter egos or governors of the company who are appointed by the shareholders of the company and can be removed by the shareholders of the company. The directors manage the companies for the...
Duties of a director
A director is a person who is duly appointed by the company to direct and manage the affairs of the company by making and implementing polices to promote the success of the company. The position of a...
Extraordinary General Meeting (EGM)
An extraordinary meeting is a meeting of members of the company that is convened when an important resolution is to be passed and an AGM cannot be called because it is not yet time for one, or it had...
Determining quorum for company meetings
Quorum is the minimum number of members necessary to be present at a meeting, to yconduct the affairs of that meeting. For a company, unless the articles of association provide otherwise, no business can be...
What is quorum?
Quorum is the minimum number of members necessary to be present at a meeting, to conduct the affairs of a particular group of people. For a board of directors to transact their business, unless the articles...
Removal of directors
Notwithstanding anything in the company’s articles or in any agreement between the company and a director, a company can remove a director at any time. To remove a director, or to appoint another director in...
Appointment of directors
Companies are mandated by the Companies and Allied Matters Act (CAMA) to have at least 2 directors. Any company whose number of directors falls below two, shall within one month of its so falling appoint new...
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