By Terrence N. Chimanya An Annual General Meeting (AGM/Annual Meeting) is a meeting of the general membership of an organisation. The organisations may be companies or membership associations with shareholders/members. These meetings may be required by law or by the constitution or charters governing the body. The meetings are held to conduct business on behalf of the company/association. Every company/association is required to hold an AGM within 18 months of the date of its incorporation and, thereafter, once a year. AGM minutes must be kept up to date and maintained as part the companies records. The main purpose of an AGM is to enable the company/organisation to report to its shareholders/members on its affairs during the past year and to deal with the following matters: To place before the meeting, the approved annual financial statements together with the directors’ report and an audit committee report. To elect or re-elect directors
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By Terrence N. Chimanya While much of the focus on Integrated Board Reporting has been on the needs of external stakeholders, the necessity for better internal decision making can be significantly improved through utilising the six capitals approach (i.e. financial capital, manufacturing capital, human capital, social and relationship capital, intellectual capital, and natural capital). A Case Study In 2011, I worked on an assignment for a United Kingdom based service company to incorporate a governance and sustainability checklist into their strategic planning process, through which the impact of all six capitals was considered as it pertained to the risk of investing or not investing financial capital in order to sustain competitive capability and advantage. The approach was simple and assessed several aspects of each capital as high risk (red), medium risk (amber) or low risk (green). This simple approach quickly identified that there were several areas where lack of sustainable
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By Johnson Manyakara Seasoned board members around the world have seen and experienced the good, the bad and the ugly of board meetings. The best board meetings leave board members energised – the goals of the meetings being clear, the process being smooth and the expected outcomes being well defined. Not-so-great board meetings, on the other hand, drain energy and lower morale largely because of being perceived as a waste of time. Therein lies the challenge for boards! This conversation will cover two key areas – the signs and symptoms of poorly run board meetings and best practice in running board meetings. Ideas proffered will, however, equally apply to other types of meetings. Signs and Symptoms of Poorly Run Board Meetings The following are amongst some of the signs and symptoms of poorly run board meetings: The board meeting agenda is not send in good time for board members to
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