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2 results

  • 7 - Decision-making, meetings and reporting

  • Stephen Bottomley, Australian National University, Canberra, Kath Hall, Australian National University, Canberra, Peta Spender, Australian National University, Canberra, Beth Nosworthy, University of Adelaide
  • Book:
    Contemporary Australian Corporate Law
    Published online:
    06 March 2021
    Print publication:
    28 October 2020, pp 165-196

  • Summary

    As discussed in earlier chapters, a company has the legal powers and capacity of a individual, in addition to any specific powers conferred by law (s 124). The two key decision-making organs that can act as the company in exercising these powers are the board of directors and the members in general meeting. The general law and Corporations Act divide the company’s powers and responsibilities between these two groups. This chapter discusses this division of powers. Also discussed is how meetings of members and directors are held, and the requirements on companies to prepare and disclose key information, including financial reports.