Aðalfundur
Aðalfundur is the Icelandic term for the annual general meeting, the main decision-making gathering for many organizations, including corporations (hlutafélög), cooperatives, and associations. It is typically held once a year, often within a statutory period after the end of the fiscal year.
The meeting serves to review the organization’s activities and finances for the previous year, approve the
The meeting is convened by the board or management, with notice given to members or shareholders in
Decisions at the aðalfundur are typically made by a majority of votes cast, though some matters may
Minutes are recorded and kept as official records. The outcomes of the aðalfundur guide the organization’s