Minutes of general meeting template

If your business is incorporated, you need to have general meetings. These are meetings attended by company shareholders, during which majority or unanimous decisions (known as resolutions) can be passed.

When you have a general meeting, you need to take minutes, and these need to be in a specific format.

We’ve teamed up with Farillio to deliver a general meeting minutes example that you can customise for your own use.

The minutes of a general meeting template document has been produced by Farillio so we can’t take responsibility for its contents.

What is an AGM meeting minutes template?

A meeting minutes template is a customisable document that you can use to record what happened at your general meeting.

The document needn’t be complicated, but it does need to follow a set formula.

When might you call a general meeting?

Many private limited companies hold an annual general meeting (AGM), but in most cases there’s no legal requirement for them to do so.

An AGM will usually include a summary of the organisation’s recent activity, a range of resolutions, and updates on the appointment of new directors.

AGMs are often used as an opportunity to discuss company accounts, but it’s perfectly legal to simply distribute the accounts to shareholders without holding the meeting, unless your articles of association say something different.

When you form a limited company, you’ll need to submit a memorandum of association (a legal document agreeing the formation of the company), and articles of association (the rules that explain how the company will be run).

Our memorandum and articles of association template can help you get started.

What is an EGM?

Any other general meeting is known as an extraordinary general meeting (EGM).

The directors of the company can call an EGM whenever they wish, but they can also be forced to call one if 5 per cent of shareholders request it.

Why use a Farillio template?

Small businesses are likely to have their own specific legal requirements, but most don’t have the cash for heavy-hitting lawyers.

That’s where Farillio comes in. They provide customisable templates for legal documents to help you make sure that you have the right frameworks in place.

Here are some more templates and resources that could be useful for your business:

• Workforce agreement template
• Notice of AGM template for a private limited company
• Equal opportunities policy template
• See all our business resources from Farillio
• See all our landlord resources from Farillio

What are meeting minutes?

Meeting minutes are an official record of a general meeting, usually taken by the company secretary.

Taking minutes means that people who were unable to attend the meeting can catch up with all the key discussion points.

Minutes can also help to make sure that no agenda points are missed and are a useful resource for people to follow up on.

How to take meeting minutes

When taking minutes for a general meeting, you don’t need to make a note of everything that’s said. Instead, you’ll just need to record the key events of the meeting. This means the details of any resolutions, objections, and results of any votes will need to be recorded.

For example, during a general meeting a company secretary will use the minutes to record things like:

• the appointment or removal of a director
• alterations to the articles of association
• changes to the shareholders’ agreement
• changes to the company’s share structure
• changes to the company structure

When writing meeting minutes, you’ll also need to record basic information such as the chairman of the meeting, as well as its time, date, and location.

Why do I need to take minutes of a general meeting?

Our minutes of meeting template helps to make sure that you record the proceedings of your general meetings correctly.

The exact procedure for your meetings will be contained in your company articles, but you also need to follow rules set out in the Companies Act.

For example, you’ll need a written record of attendance of the meeting, and of the motions passed. Remember, though, that in most cases you can pass motions without holding a meeting: motions can also be passed in writing.

What does the minutes of general meeting template include?

The board meeting minutes template is split into six sections:

1. The required quorum

The first section establishes that the required quorum is present at the meeting.

A quorum is the minimum number of people needed for the meeting to take place. The number of people required for a quorum is set out in the Companies Act, and may vary depending on the number of shares issued and a number of other factors (including your articles of association).

2. Has the meeting been called at short notice?

Section two applies if the meeting has been called at short notice, and acknowledges that consent has been given for this by the relevant number of shareholders.

3. The convening of the general meeting

The third section covers the reading of and agreement on the convening of the general meeting.

4. The first motion

Section four sets out voting on the first motion presented to the meeting. A motion is a matter or issue of concern that can be brought forward at an AGM.

5. Any other motions

Section five covers any other motions to be passed at the meeting, duplicating the wording of section four.

6. Closing the meeting

The sixth and final section closes the meeting. The meeting minutes format you choose to use may vary from what’s written in the template. If you want to make changes it’s best to get legal advice.