The General Meeting or General Meeting is a body of private and public organizations.
A general or general meeting is usually chaired by a member of the management, who leads through the agenda. Usual agenda items are e.g. B. Appointment of a secretary, election of tellers and the presentation of the annual report.
A general assembly only has a quorum if an invitation has been sent to all shareholders (or to their last known address) 20 days in advance.
In the registered cooperative under German law, the management board consists of at least two members and conducts the business and the supervisory board has at least three members and monitors the management board.
In a GmbH under Austrian law , the general assembly consists of all shareholders and the management. In contrast to the executive board of an AG, the management of a GmbH is bound by the instructions of the general assembly.
According to Swiss law, the term is used comprehensively for the highest body of legal entities ( stock corporation , GmbH , cooperative , foundation and association ), as well as by registered cooperatives , in addition in corporations under public law . You can z. B. consist of all members (or those who accept the invitation) or of representatives elected by the members (representative assembly). The General Assembly in a business enterprise therefore corresponds to a general meeting under German law.