
What is annual general meeting (AGM)?
An annual general meeting (AGM) is a yearly gathering of a company's shareholders and its board of directors. In most cases, this is the only time the directors and shareholders will meet during the year, so it is an opportunity for the directors to present the company's annual report.
AGMs are not only held by corporations. Universities, schools, charities, and unions, for example, could all be required to hold an AGM to discuss the organization's or institution's future.
AGMs are not only held by corporations. Universities, schools, charities, and unions, for example, could all be required to hold an AGM to discuss the organization's or institution's future.
An Annual General Meeting (AGM) is a mandatory yearly gathering of a company’s shareholders and board of directors to discuss key business matters. During the AGM, the company presents its financial statements, declares dividends, appoints or reappoints directors, and addresses shareholder queries. It serves as a platform for transparency, allowing shareholders to vote on critical decisions and hold management accountable. AGMs also provide insights into the company’s performance, future strategies, and governance policies. In many countries, companies are legally required to hold an AGM within a specified timeframe. Shareholders who cannot attend in person may vote by proxy. The meeting ensures corporate accountability, strengthens investor confidence, and fosters communication between a company’s leadership and its stakeholders.
Sep 30, 2022 09:02