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When is an AGM valid? Corporate Law

Discussion in 'Business & Corporate Matters' started by acser2, Oct 20, 2016.

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  1. acser2

    acser2 Law Topic Starter New Member

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    A company that I'm a shareholder of has recently held its AGM. Although approval of the 2015 accounts and discharge of management was on the agenda, this was "postponed" as the audit was not finished at the time of the AGM.

    My question is this: in my understanding the approval of accounts and discharge of management is a substantive agenda item, if not the main point of an AGM, so if this point was not concluded, can the meeting even count as an AGM?

    Is this enough of a reason to contest the meeting's validity as AGM and call for a "real" AGM once the audit is done?

    Can this point be answered in a general way for multiple jurisdictions or would this be treated differently in the UK vs Netherlands for example.

    Many thanks.


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  2. army judge

    army judge Super Moderator

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    This forum focuses on the laws of the USA.
    We know very little, if anything, about the laws on other continents.
     

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