The shareholders meet quarterly. Any shareholder can table a motion to be discussed at the meeting. Each shareholder is entitled to one vote and all rule changes and major commercial contracts require the support of two thirds of the clubs voting at a general meeting.
The Football Association is also a special shareholder. They have the right of veto in certain crucial areas, such as the appointment of Chairman and Chief Executive and promotion and relegation, but have no say on other areas of FA Premier League work.
The day-to-day business and statutory company responsibilities are handled by the Board of Directors, which comprises of Chairman and Chief Executive, and the full-time members of staff at the FA Premier League.
Shareholder meetings are held every other month during the season and the AGM is a two-day meeting held during the close season.
At the Summer AGM, relegated clubs will transfer their ordinary share to the promoted clubs.