NOTICE IS HEREBY GIVEN that an Ordinary General Meeting (being the ninety eighth Annual General Meeting of the Institute) will be held at ‘Fanshaws’, Brickendon, Hertford on Wednesday 30 October 2019 at 2.00 pm.
All IMI Members are welcome to attend.
As Business Members of the IMI, Approved IMI Centres are welcome to appoint a person to act as their authorised representative to attend the AGM.
Please confirm attendance, or request a proxy notice, to:
Simon James, Chief Financial Officer, c/o Georgia Foley, IMI, Fanshaws, Brickendon, Hertford SG13 8PQ, or email ceooffice@theimi.org.uk
Minutes and the presentation from the 97th AGM are available in the 'downloads' section on the right-hand side of this page.
Agenda
- Apologies for absence
- Minutes of the Annual General Meeting of 1 November 2018
- Installation of President – 2019/2020
- Installation of Vice Presidents – 2019/2020
- Installation of Honorary Treasurer – 2019/2020
- Declaration of Directors
- Revenue Account and Balance Sheet of the Institute for the year ended 31 March 2019 and the Auditor’s Report
- Annual Report for the year ended 31 March 2019
- Appointment of Auditors
- Special Resolution to the Articles of Association
- Any other business
Schedule of Amendments to the Articles of Association of the Institute of the Motor Industry
An amendment to item 24 of the Articles of Association is required on the basis that the Articles of Association should reflect that all Corporate Members have the same rights, votes and benefits, and that non-corporate members do not form part of the mutual trading status and profits arising from these members are taxed in full.
This change is recommended by the IMI's external auditors in order to be compliant with HMRC.
Proposed Amendment
Article 24 - addition of the words 'in proportion to the contributions made by Corporate Members'.
Article 24 showing proposed addition of words in italics
If upon the winding up or dissolution of the Institute there remains after the satisfaction of all its debts and liabilities any property whatsoever the same shall be paid to or distributed among the Corporate Members of the Institute "in proportion to the contributions made by Corporate Members" PROVIDED THAT the quorum for the approval of a special resolution to approve the winding up or dissolution of the Institute shall require a quorum of two hundred members (or if the membership is less than two hundred in total 75%of the total membership) present in person or via their authorised representative in the case of a Business Member. If a quorum is not present the provisions of Article 14.3 shall not apply to the meeting or part of the meeting.