- What are the different forms of General Shareholders’ Meetings?
These are mainly defined by their purpose and respective areas of intervention, as set out in the agenda.
Annual General Meeting (AGM)
This meeting is held annually with the aim of reporting on the accounts of the previous financial year and of setting the dividend and payment conditions. It appoints, renews and dismisses directors and statutory auditors, and ratifies any co-opting of directors by the Board. The meeting also reports on the agreements signed between the company and those associated with it. Decisions must be approved by a simple majority vote cast by the shareholders present or represented at the meeting.
Extraordinary General Meeting (EGM)
This meeting is convened each time a decision must be made that would modify the company statutes, particularly in terms of increases or reductions in capital. Decisions must be approved by a majority of two thirds of the shareholders present or represented at the meeting.
Combined Annual General Meeting (Combined AGM)
This meeting combines the two previous meetings (AGM and EGM) on the same date, and under the same convening notice.
- What are the different ways of holding shares?
Bearer shareholders hold shares that are not registered with the issuer but are placed in an account with an intermediary and are therefore freely transferable.
Registered shareholders hold shares that are registered with the issuer (the company), which has custody of them. In non-listed companies, all shares are registered. In companies whose securities are listed on the stock market, only some shares are registered.
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