Corporate Congress

The **Corporate Congress** is the legislature of Z-Tech. It is bicameral, composed of a lower body, the Corporate Committee, and an upper body, the Board of Directors. It meets in the Z-Tech Capitol in Suburmania. Directors and Committee members are chosen through direct election, The Committee represents the Subsidiaries of Z-Tech in every nation on earth and the Board represents the Z-Tech Corpotate Directors of all seven continents on earth. Congress has 767 voting members: 7 Directors and 760 Committee members.

The Corporate Congress is nominally the highest body of the Z-Tech.Ind according to its charter. The charter stated specifically that it should convene at least every fifth year; The Congress hears the reports of central authorities, makes amendments to the Company's charter, sets the Corporate political line, elects the President of Z-Tech, elects the CEO of Z-Tech and elects any Corporate ambassadors for any discussion of collaboration with or joining Z-Tech.

## Election

The Corporate Congress is composed of representatives from the councils of all the Soviet republics on the following basis: from the City Council - 1 member per 25 thousand voters, from provincial (regional, territorial) and republic-level congresses - 1 member per 125 thousand residents. Delegates to the All-Union Congress were elected at the provincial (regional, territorial) autonomous republican congresses of the Soviets, or (if republic did not have provincial (and then provincial, regional) congresses) - directly at the Congress of Soviets of the union republic.

## Structure

The Supreme Soviet was composed of two chambers, each with equal legislative powers:[4]

* The Soviet of the Union, which represented the population of the Soviet federation as a whole, with each deputy representing the same number of voters.
* The Soviet of Nationalities, which represented the ethnic populations as units, with members elected on the basis of 32 deputies from each union republic, 11 from each autonomous republic, five from each autonomous oblast (region), and one from each autonomous okrug (district). The administrative units of the same type would send the same number of members regardless of their size or population.

In corporate governance, a **governance board** also known as council of delegates are chosen by the stockholders of a company to promote their interests through the governance of the company and to hire and fire the board of directors.

In civil service, a **supervisory board** or regulatory board is often a legislatively independent body with authority over other non-governmental boards (i.e. boards embedded within and run by industry bodies), such as found in some systems of regulated marketing, especially in the agricultural sector. The scope of supervision is to supervise other supervisory bodies. Industry boards are typically oriented toward their own stakeholders, while the second-instance supervision takes a broader view of all stakeholders, including the public interest.

Corporate governance varies between countries, especially regarding the board system. There are countries that have a one-tier board system (like the U.S.) and there are others that have a two-tier board system like Germany and the majority of the European countries.

In a one-tier board, all the directors (both executive directors as well as non-executive directors) form one board, called the board of directors.

In a two-tier board there is a separate management board i.e., board of directors (all executive directors and all non-executive directors) and a separate governance board i.e. council of delegates (all executive delegates and all non executive delegates). The council of delegates representing the governance board is the equivalent of the management board i.e. board of directors of a single-tier board, while the *chairman* of the management board is reckoned as the company's *chief executive officer* and *managing director*. These 03[*clarification needed*] positions are held by the same individual.

In the U.S., within one body, the board of directors, there are people from both inside and outside the company. The board of directors can also easily bring in other members from outside.

In Europe, the governing body is overwhelmingly made up of directors of the company or the controlling holding company.

The controlling body, by contrast, is usually made up of the largest shareholders, representatives of ordinary employees (often elected by unions), outside experts or politicians. The control body is essentially a representative of the general assembly between general assembly meetings. The control body does not interfere in the day-to-day running of the company, meets less frequently, but is able, depending on the legislation in question, to intervene in the proceedings of the governing body or even dissolve it.

An **annual general meeting** (**AGM**, also known as the **annual meeting**) is a meeting of the general membership of an organization.

These organizations include membership associations and companies with shareholders.

These meetings may be required by law or by the constitution, charter, or by-laws governing the body. The meetings are held to conduct business on behalf of the organization or company.

## Purpose[edit]

An organization may conduct its business at the annual general meeting. The business may include electing a board of directors, making important decisions regarding the organization, and informing the members of previous and future activities. At this meeting, the shareholders and partners may receive copies of the company's accounts, review fiscal information for the past year, and ask any questions regarding the directions the business will take in the future.

At the annual general meeting, the president or chairman of the organization presides over the meeting and may give an overall status of the organization. The secretary prepares the minutes and may be asked to read important papers. The treasurer may present a financial report. Other officers, the board of directors, and committees may give their reports. Attending this meeting are the members or the shareholders of the organization, depending on the type of organization.

At such meeting, the Company Secretary of the Company plays a crucial role in convening, conduct, and to attend the meeting. They may be supported by their Corporate Secretarial team.