Section 265 CAMA 2020
Section 265 Companies and Allied Matters Act is about Powers and duties of the chairman of the general meeting. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act.
(1) The chairman, of the board of directors shall preside as chairman at every general meeting of the company, and if there is no such chairman, if he is not present within one hour after the time appointed for the holding of the meeting or is unwilling to act, the directors present shall elect one among themselves to be chairman of the meeting.
(2) If at any meeting no director is willing to act as chairman or no director is present within one hour after the time appointed for holding the meeting, the members present shall choose one among themselves to be chairman of the meeting.
(3) The duties and powers of the chairman includes a duty to—
(a) preserve order and power to take such measures as are reasonably necessary to do so ;
(b) see that proceedings are conducted in a regular manner ;
(c) ensure that the true intention of the meeting is carried out in resolving
any issue that arises before it ;
(d) ensure that all questions that arise are promptly decided ; and
(e) act in the interest of the company.
(4) The Chairman shall cast his vote in the interest of the company as a whole, but if he is a shareholder, he may cast it in his own interest.
(5) The Chairman has power to adjourn a meeting in accordance with section 264 (1) of this Act.
(6) The chairman of a public company shall not act as the chief executive officer of such company.
