The general meeting is the forum where the shareholders of a limited company exercise their decision-making power. It is the company's highest decision-making body. The ordinary meeting is the annual general meeting, held once a year.
The meeting decides on matters such as adopting the annual accounts, dividends, the election of the board and auditor, and share issues. Votes are allocated by holding and voting rights, which can vary between share classes. An up-to-date shareholder register determines who is entitled to vote.
An extraordinary general meeting is a general meeting held in addition to the AGM when a decision is needed.
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Voting rights are a shareholder's right to vote at the general meeting, often depending on share class.
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A shareholder is a person or company that owns one or more shares in a limited company.
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