aðalfundar

Aðalfundar is the Icelandic term for an annual general meeting. This is a fundamental meeting for companies, associations, and other organizations in Iceland, typically held once a year. The primary purpose of the aðalfundur is to review the organization's performance over the past year and to make crucial decisions for the future.

Key agenda items at an aðalfundur usually include the approval of annual accounts, a report from the board of directors on the company's activities and financial standing, and the election of board members and auditors. In some cases, the aðalfundur may also vote on significant matters such as amendments to the organization's bylaws or articles of association, major investments, or the distribution of profits.

Attendance at an aðalfundur is typically restricted to members or shareholders, depending on the type of organization. Each member or shareholder usually has voting rights proportional to their stake or membership level, as defined by the organization's governing documents. The decisions made at an aðalfundur are binding on the organization and its members. Proper notice of the meeting, including the agenda, must be given to all eligible attendees within a specified timeframe before the meeting date, as stipulated by Icelandic law and the organization's internal rules. This ensures transparency and allows participants to prepare for the discussions and votes.