Photo in text: Irina Smirnova's Business Protection Center

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There are also extraordinary meetings, which are organized at the initiative of the board of directors, auditor or major shareholders. The dates of the extraordinary and scheduled annual meetings must not overlap.

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The executive body in a JSC may be collegial (the board) or sole (the CEO). A sole body must be formed. It may be an individual or a legal entity. In the latter case, these functions are performed by the armenia whatsapp number data management company under an agreement.

The board of directors plays an important role in the management of the company and in deciding strategic issues. Here are some specific issues that it can decide:

defining strategic directions for the company’s development and approving strategic plans;
evaluation and approval of financial plans and budgets;
appointment and dismissal of the company's top management, including the CEO;
coordination of major company transactions and agreements;
control over the achievement of set goals and monitoring of financial indicators;
resolving issues of risk management and compliance with legislation;
evaluation and decision making on strategic investments and acquisitions;
approval of the company's asset management strategy;
consideration of issues of corporate governance and compliance with corporate standards.


Issue of securities
This is an issue of securities of a joint-stock company.

The sequence of issue of shares by companies is strictly ordered and contains five main stages.

Stage 1. Making a decision on the placement of securities.

The company's management makes a strategic decision to attract additional funds through the issue of new shares.

Stage 2. Approval of the decision on the issue of securities.

Stage 3. State registration of the issue of securities.

A mandatory procedure that aims to confirm the legality and transparency of the transaction, which protects the interests of investors.

Stage 4. Placement of securities.

At this stage, securities are already put into circulation and transactions can be made with them.

Stage 5. State registration of the report on the results of the issue.

Important for the final recording of the emission results and ensuring that the operations carried out comply with the requirements of the law.