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What is a Board Meeting?

A board meeting is a formal gathering of a company’s board of directors to discuss and make decisions about the company’s strategies, operations, and policies. It’s the heartbeat of corporate governance, where the board of directors of Oriental Aromatics Ltd gathers to evaluate strategies, approve policies, and plan for growth.

These meetings are crucial for governance, compliance, and strategic planning. At Pocketful, we make it easy for investors to stay informed about board meetings of Oriental Aromatics Ltd through our platform.

Key Features of Board Meetings

  1. Decision-Making Platform: Directors discuss and approve critical business strategies and actions.
  2. Corporate Governance: Ensures accountability and regulatory compliance.
  3. Financial Review: Examines financial statements, budgets, and forecasts.
  4. Policy Updates: Reviews and updates company policies and practices.

Key Dates Related to Board Meetings

  1. Notice Date: The date when the company notifies directors and stakeholders about the meeting.
  2. Meeting Date: The actual date of the board meeting.
  3. Announcement Date: The date when decisions made during the meeting are announced publicly.

Example of a Board Meeting

Suppose Oriental Aromatics Ltd schedules a board meeting on March 15, 2024.

  • Notice Date: March 1, 2024
  • Meeting Date: March 15, 2024
  • Announcement Date: March 16, 2024

Types of Board Meetings

  1. Regular Board Meeting: Scheduled periodically (monthly, quarterly) to discuss ongoing business matters.
  2. Special Board Meeting: Called for urgent decisions, such as mergers, acquisitions, or crisis management.
  3. Statutory Board Meeting: Required by law, usually held after company incorporation.
  4. Committee Meetings: Focused on specific areas, like audit, risk, or compliance.

Why Board Meetings Matter for Shareholders of Oriental Aromatics Ltd?

  1. Strategic Oversight: Enables informed decision-making for business growth.
  2. Transparency: Enhances accountability and trust among all the stakeholders of Oriental Aromatics Ltd.
  3. Compliance Assurance: Ensures regulatory requirements are met.
  4. Performance Evaluation: Provides a platform to shareholders of Oriental Aromatics Ltd to review the financial performance and goals.

How Can I Track Board Meetings of Oriental Aromatics Ltd on Pocketful?

Tracking board meetings of Oriental Aromatics Ltd is simple with Pocketful:

  1. Go to the Corporate Actions section of Oriental Aromatics Ltd.
  2. Select the Board Meetings tab to view upcoming and past meetings of Oriental Aromatics Ltd.

Tax Implications of Board Meeting Decisions

  • Dividend Approvals: Taxed as income from other sources in the hands of shareholders.
  • Buybacks or Mergers: May have capital gains tax implications based on the transaction structure.
  • Rights and Bonus Issues: Tax-free at issuance but may attract capital gains tax upon sale.
FAQs

Who attends board meetings?

The board of directors, company executives, and, in some cases, external advisors or auditors.

Can shareholders participate in board meetings of Oriental Aromatics Ltd?

No, board meetings are exclusive to directors, but outcomes are shared with shareholders through announcements.

What decisions are made during board meetings?

Key decisions include dividend declarations, budgets, performance review, strategic plans, etc.

How often are board meetings of Oriental Aromatics Ltd held?

Regular board meetings of Oriental Aromatics Ltd are usually held quarterly, but special meetings can be called anytime.

Where can I find details about board meetings of Oriental Aromatics Ltd?

Visit the Corporate Actions section on Pocketful to track meeting schedules of Oriental Aromatics Ltd.

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