The HOUSE OF FRASER Archive

Record: f1-0512-4

Corporate body management - Army & Navy Stores Ltd

Dates: 1871-1981
Description: Corporate body management is the activity of managing the work of the corporate body or shareholders. It includes conducting and servicing meetings of the shareholders.

Biographical history
In accordance with the Companies Acts, a general meeting of the shareholders was held each year at a place determined by the directors. In addition, special or extraordinary general meetings could be called at any time by the directors or when requisitioned by shareholders with a total holding of at least one tenth of the share capital of the society. Notices of the time and place of ordinary and extraordinary general meetings had to be placed in conspicuous places in each of the society's stores and inserted in the Times, Daily News and Standard newspapers and any other newspapers determined by the general meeting. In 1871, the period of notice was set at fourteen days. This was changed to between seven and fifteen days in 1914, and, in 1949, to at least twenty one days for annual general meetings and meetings for passing special resolutions and fourteen days for other meetings. At each annual general meeting the profit and loss account, the balance sheet and the reports of the directors and the auditors were presented and considered, directors and other officers were elected in place of those retiring by rotation, the remuneration of the auditors was fixed, dividends were declared and any other business was transacted as appropriate. The chair of the meeting was to be taken by the chairman of the directors or, in his absence, the vice chairman, or, in his absence, another director or one of the members. The quorum necessary for the transaction of business was ten shareholders present in person. Any questions were decided by a majority of those present, or, if demanded, by a subsequent poll. The chairman had a casting vote. Any general meeting could be adjourned for any period up to seven days. Minutes of the meetings were taken by the secretary and signed by the chairman. The volumes were kept by the secretary at the company’s registered office.

Joint Stock Companies Act 1856; Joint Stock Companies (Consolidation) Act 1862; Companies Act 1867; Limited Partnership Act 1869; Companies (Winding Up) Act 1890; Partnership Act 1890; Companies Amendment Act 1900; Companies Act 1907; Limited Partnership Act 1907; Companies (Consolidation) Act 1908; Companies (Particulars as to Directors) Act 1917; Companies Act 1928; 1929 Act to Consolidate the Companies Acts 1908 to 1928; Companies Act 1947; Companies Act 1948; Companies Act 1967; Companies Act 1976; Companies Act 1980; Companies Act 1981.
Companies and People:
Army & Navy Stores Ltd
Dates: 1871-1981
FRAS 499
Title: Memoranda and articles of association
Date: 1871-1964
Regulations governing the constitution and conduct of the general meetings were recorded in the articles of association.
FRAS 611
Title: Correspondence and papers relating to amendments to articles of association
Date: 1961-1972
FRAS 497
Title: Annual report and balance sheets
Date: 1872-1937
FRAS 480
Title: Annual and half yearly report and balance sheets
Date: 1872-1909, 1968-1979
FRAS 594
Title: Minutes and notices of general meetings of shareholders
Date: 1872
FRAS 493
Title: Reports of proceedings of general meetings of shareholders
Date: 1872-1941
FRAS 491
Title: Reports of proceedings of general meetings of shareholders
Date: 1876-1965
FRAS 568
Title: Circular to shareholders concerning evidence before Parliamentary Committee on Co-operative Societies
Date: c 1878
FRAS 492
Title: Notices to shareholders
Date: 1879
f1-0512
Governance (1871-1981)

Corporate body management was an activity carried out to fulfil the function of governance.

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