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HC-7.2.1

The board must observe both the letter and the intent of the Company Law's requirements for shareholder meetings. Among other things:

(a) Notices of meetings must be honest, accurate and not misleading. They must clearly state and, where necessary, explain the nature of the business of the meeting;
(b) Meetings must be held during normal business hours and at a place convenient for the greatest number of shareholdersG to attend;
(c) Notices of meetings must encourage shareholdersG to attend shareholder meetings and, if not possible, to allow shareholdersG to participate by proxy and must refer to procedures for appointing a proxy and for directing the proxy how to vote on a particular resolution. The proxy agreement must list the agenda items and must specify the vote (such as "yes," "no" or "abstain);
(d) Notices must ensure that all material information and documentation is provided to shareholdersG on each agenda item for any shareholder meeting, including but not limited to any recommendations or dissents of directorsG ;
(e) The board must propose a separate resolution at any meeting on each substantially separate issue, so that unrelated issues are not "bundled" together;
(f) In meetings where directorsG are to be elected or removed the board must ensure that each person is voted on separately, so that the shareholdersG can evaluate each person individually;
(g) The chairman of the meeting must encourage questions from shareholdersG , including questions regarding the licensee'sG corporate governance guidelines;
(h) The minutes of the meeting must be made available to shareholdersG upon their request as soon as possible but not later than 30 days after the meeting; and
(i) Disclosure of all material facts must be made to the shareholdersG by the Chairman prior to any vote by the shareholdersG .
January 2013
 Versions
(1 Version)
 
Jan 1 2013 onwards
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