Meeting is unnecessary - meetings and resolutions, Business Law and Ethics

Meeting is Unnecessary - meetings and resolutions:

The purpose of holding general meetings with all the formality which this entails is to give to each member the opportunity of voting (in person or by proxy) on the resolutions before the meeting.  If the meeting is not properly convened and held its purported decisions are not binding on any member who disagrees with and challenges them. His right to do so exists whether he was absent from the meeting or attended it but was in the minority.  But this is a protection given to a dissenting member.  If every member in fact agrees it would be pointless and wrong to allow any non-member to dispute the validity of the unanimous decision because unanimity was achieved in some informal way.

Accordingly a unanimous decision of the members is treated as a substitute for a formal decision in general meeting properly convened and held and is equally binding.

Posted Date: 1/12/2013 5:49:54 AM | Location : United States







Related Discussions:- Meeting is unnecessary - meetings and resolutions, Assignment Help, Ask Question on Meeting is unnecessary - meetings and resolutions, Get Answer, Expert's Help, Meeting is unnecessary - meetings and resolutions Discussions

Write discussion on Meeting is unnecessary - meetings and resolutions
Your posts are moderated
Related Questions
Concept of Authority - Agency Law Whether this is the oral or written permission conferred on a person through another to do a particular thin.  Thus it is a factual concept a

Article 5 - State Responsibilty Article 5. Acts of persons authorized by a state to act on their behalf then the state is responsible for the actions of that person. For exampl

QUESTION Miss Titch Herr, a newly appointed education officer, starts her day at No Nonsense State Secondary School (NNSSS), an institution wholly subsidized from public funds

Committal Stage: In this such order 103 offers that a Bill having been read a second moment shall stand committed to a committee of the Whole House, unless the House commits t

Implied Powers:                                     The statement of Lord Cairns in 1875 in Ashbury Rail Co Ltd v Riche (22) to the effect that a contract beyond the objects o

Illustrate the example of the Policy Clustering Countries democratize because of political or economic pressures within their country pressures that exist simultaneously for le

Removal:             Article 107 provides that the managing director's "appointment shall be automatically determined if he cease from any cause to be a director". However it

Leon, a bank vice president, joined Fitness Center, Inc. (FC). He signed a contract stating, among other things, an exculpatory clause that FC

Disadvantages of Statute Law: Imposition of law However some Acts are imposed on the people and reflect the views of the pundits or Executive in the ruling political part

Q. Cross agency actions - addressing phoenix activity? the ASIC, ATO and FWO all have responsibilities in investigating and monitoring elements of phoenix activity. This means