The shareholders' meeting is the highest authority of the company, which is composed of all shareholders, making decisions on major issues of the company, having the right to appoint and remove directors, and having extensive decision-making power over the company's operation and management.
Shareholders' meeting is not only a regular or temporary meeting attended by all shareholders, but also the highest authority of a corporate enterprise composed of all shareholders. It is an organization in which shareholders, as the owners of enterprise property, exercise property management rights over the enterprise. All major personnel appointments and dismissals and major business decisions of an enterprise are generally valid only after being recognized and approved by the shareholders' meeting.
Types of shareholders' meetings
There are three types of shareholders' meetings:
1. Statutory meeting
A joint-stock company that issues shares to the public is generally required to hold a general meeting of all shareholders of the company within a period of not less than one month and not more than three months from the date of opening. The main task of the meeting is to review the statutory report submitted by the directors of the company to the shareholders of the company before the meeting 14. The purpose is to let all shareholders know and master the overall situation of the company and whether they have a solid foundation to carry out important business.
2. Annual meeting
The regular meeting of shareholders' general meeting, also known as the annual meeting of shareholders' general meeting, is generally held once a year, usually within 6 months after the end of each fiscal year. Because the convening of regular shareholders' meetings is mostly mandatory by law, countries all over the world generally do not make specific provisions on the conditions for convening such meetings.
The contents of the annual general meeting of shareholders include: electing directors, amending the articles of association, announcing dividends, discussing the increase and decrease of the company's capital, and reviewing the operating report put forward by the board of directors.
3. Special meeting
The temporary meeting discussed the temporary emergency. In addition to the above three general meetings, there are also special general meetings.
The extraordinary shareholders' meeting is usually held because of major issues involving the interests of the company and shareholders, and it is impossible to wait until the annual shareholders' meeting.
Legal Analysis: According to Article 43 of the Company Law, the discussion methods and voting procedures of the shareholders' meeting are stipulated in the articles of association, unless otherwise stipulated in this Law.