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The lecture discusses the importance of meetings and resolutions in corporate governance. It emphasizes two main types of meetings: general meetings and class meetings. General meetings involve all members, while class meetings are specific to a particular class of shareholders, especially when changes to share capital rights are proposed. Participants in class meetings express their preferences regarding future actions, but any resolutions from these meetings are not binding unless they involve the majority of equity shareholders. Thus, while class meetings can provide insights into shareholder opinions, the ultimate decision-making power lies with the equity shareholders. For more details, viewers are encouraged to download free lecture notes from Open Tuition.
