Companies Act 2014 section 694

Chairperson

Section 694 sets out the rules for who chairs meetings of creditors, contributories and members during a company's liquidation.

• When the liquidator summons a meeting, the liquidator acts as chairperson.
• If the liquidator is unable to act, a person nominated by the liquidator takes the chair.
• At all other meetings of creditors, contributories or members, the attendees appoint the chairperson by resolution.
• These rules do not apply to creditors' meetings held under section 587, which governs meetings in a creditors' voluntary winding up.