Everything about Union General Meeting totally explained
An
annual general meeting (commonly abbreviated as
AGM, also known as the
annual meeting) is a
meeting that official bodies, and
associations involving the
public (including
companies with
shareholders), are often required by
law (or the
constitution,
charter etc. governing the body) to hold.
An AGM is generally held every year to inform their members of previous and future activities. In
organizations run by
volunteers or a paid
committee, the AGM is generally the forum for the
election of officers or
directors for the organization.
It is an opportunity for the shareholders and partners to receive copies of the company's accounts as well as reviewing fiscal information for the past year and asking any questions regarding the decisions the business will take in the future.
In Great Britain it became optional with effect from
1 October 2007 for any private company to hold an AGM, unless its articles of association specifically require it to do so.
Further Information
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