Annual general definition

Annual general meeting: Once in, and no later than 31st March of, each year Pool Members shall hold a general meeting as their annual general meeting in addition to any other meetings of Pool Members in that year, and notices calling such general meeting shall specify it as the annual general meeting. At each annual general meeting the Pool Members shall be required to consider and, where appropriate, resolve upon the following, namely: 9.1.1 a report prepared by the Executive Committee on the Settlement System and its operation during the immediately preceding year, which report shall include: (a) a review of the operation of the Settlement System, the Charging Procedure, the PFA Accounting Procedure and the Funds Transfer System during the immediately preceding year; (b) a report on the progress of all Works Programmes then current and of all changes to the operation of the Settlement System, the Charging Procedure, the PFA Accounting Procedure, the Funds Transfer System, all revisions to this Agreement and all enhancements, improvements and modifications of or to the Specification, the Hardware or the Software, in each case which have been undertaken pursuant to this Agreement; (c) a review of performance over the immediately preceding year against the business plan referred to in Clause 9.1.6; and (d) such other information or matters as the Executive Committee shall consider appropriate (including any proposed revision to this Agreement); 9.1.2 a report prepared by the Pool Auditor on the Settlement System and its operation during the immediately preceding year, which report shall include: (a) a summary of the audits, reviews, tests and/or checks referred to in Part IX carried out by the Pool Auditor during such immediately preceding year; (b) any recommendation which the Pool Auditor wishes to make regarding the operation of the Settlement System, the Charging Procedure, the PFA Accounting Procedure, the ASP Accounting Procedure and the Funds Transfer System; and (c) such other information or matters which the Executive Committee may reasonably require or the Pool Auditor shall consider appropriate; 9.1.3 [Not used]. 9.1. 4the appointment of Committee Members pursuant to Clause 15 (where appropriate, in separate class meetings of Pool Members);

Annual general meeting: Once in, and no later than 31st March of, each year Pool Members shall hold a general meeting as their annual general meeting in addition to any other meetings of Pool Members in that year, and notices calling such general meeting shall specify it as the annual general meeting. At each annual general meeting the Pool Members shall be required to consider and, where appropriate, resolve upon the following, namely:- 9.1.1 a business plan prepared by the Executive Committee for the next following Accounting Period and the four Accounting Periods thereafter (or for such shorter period as the Pool Members in general meeting shall from time to time determine) in relation to the operation of the Settlement System and the Funds Transfer System and all other matters which are the subject of this Agreement; 9.1.2 a report prepared by the Executive Committee, which report shall include:- (a) a review against the business plan prepared by the Executive Committee for the current Accounting Period including a reconciliation based on the then latest available figures against budget for all items within such business plan for that Accounting Period; (b) a review of the operation of the Settlement System and the Funds Transfer System during that Accounting Period; (c) a report on the performance by the Settlement System Administrator of its obligations under Schedule 4 and the related Service Lines during that Accounting Period; (d) a report on the performance by the Pool Funds Administrator of its obligations under Schedules 11 and 15 during that Accounting Period; (e) a report on the performance by each Pool Agent of its obligations under its Pool Agent Contract during that Accounting Period; (f) a report on the performance of each PES Registration Service, compliance with the Pool Requirements for the MRA and a review of the arrangements between the Pool and the parties to the Master Registration Agreement during that Accounting Period; (g) a report on the performance of the Chief Executive's Office (taken as a whole) during that Accounting Period; and (h) such other information or matters as the Executive Committee shall consider appropriate (including any proposed revision to this Agreement); 9.1.3 the appointment of Committee Members pursuant to Clause 15; 9.1.4 the election of the Pool Chairman pursuant to Clause 16; 9.1.5 such matters as any Pool Member present in person may wish to raise at such meeting, notice of which has been given to the Secretary no ...