Appointment of Auditors

[Moriarty]

Good day,

I'd be grateful for some help on this one:

"The company's MOI specifies that:

General Provisions..

2. Annual General Meetings

2.1 Annual General Meetings shall voluntarily be held by the company within six months of the end of each financial year. The business of each Annual General Meeting shall include the following:

a. ..;
b. The (re-) appointment of Auditor;"

Does this preclude the appointment of new auditors at an ordinary board meeting AND will a majority of board members signing the resolution suffice or does it have to be the full board?

Any help welcome.

Thanks,

Moriarty

Edit: The company is a non-profit with no members and the voluntary agm is attended by the directors only.

[Dave A]

Aren't Annual General Meetings supposed to be shareholder meetings?

Edit:

Edit: The company is a non-profit with no members and the voluntary agm is attended by the directors only.

Oops! Missed that bit.

[Andromeda]

A decision to appoint any auditor rescinds any prior decision, unless there is some elaborate preclusion in the MOI.

So yes, go ahead.

[Moriarty]

Many thanks and I take it that a simple board majority will suffice?

Best,

Moriarty

[Andromeda]

Yes, unless the MOI states differently.