Annual general meeting

Annual general meeting

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. [cite news|url=http://www.berr.gov.uk/files/file42262.pdf|title=Companies Act 2006: A summary of what it means for Private Companies|publisher=Department for Business, Enterprise and Regulatory Reform|accessdate=2007-02-28]

References

See also

*Extraordinary General Meeting
*Company law

Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • annual general meeting — (AGM) Under the Companies Act 1985 a company must hold a meeting of shareholders in each calendar year to deal with matters such as the adoption of the previous year s financial statements, rotation of directors and the appointment of auditors.… …   Law dictionary

  • annual general meeting — noun 1. (abbrev AGM or agm) a meeting of the directors and shareholders of a company, at which the annual accounts (qv) are presented and discussed and directors and auditors are elected, and which limited companies are legally required to hold… …   Useful english dictionary

  • Annual General Meeting — Also known as the AGM. All companies are required to hold an Annual General Meeting at least once every 15 months. Shareholders must be given 21 days notice of the meeting and this may only be waived if all shareholders agree. Dresdner Kleinwort… …   Financial and business terms

  • annual general meeting — UK / US noun [countable] Word forms annual general meeting : singular annual general meeting plural annual general meetings British an AGM …   English dictionary

  • Annual General Meeting — /ˌænjuəl ˌdʒen(ə)rəl mi:tɪŋ/ noun an annual meeting of all shareholders of a company, when the company’s financial situation is presented by and discussed with the directors, when the accounts for the past year are approved and when dividends are …   Dictionary of banking and finance

  • Annual General Meeting — (AGM) An annual mandatory shareholder meeting that allows stakeholders to stay informed of, and involved in, company decisions and workings. This annual meeting is an event whereby shareholders are able to gather and ask the board of directors… …   Euroclear glossary

  • annual general meeting — noun 1. the obligatory annual meeting of the shareholders and directors of a registered company. 2. an annual meeting of the members of any organisation, as a club, sporting group, school committee, etc. Also, AGM …  

  • annual general meeting — AGM An annual meeting of the shareholders of a company, which must be held every year; the meetings may not be more than 15 months apart. Shareholders must be given 21 days notice of the meeting. The usual business transacted at an AGM is the… …   Accounting dictionary

  • annual general meeting — AGM An annual meeting of the shareholders of a company, which must be held every year; the meetings may not be more than 15 months apart. Shareholders must be given 21 days notice of the meeting. The usual business transacted at an AGM is the… …   Big dictionary of business and management

  • Annual General Meeting — Assemblée générale L assemblée générale, ou AG, est le rassemblement de l ensemble des membres d une organisation (ou des représentants de ces membres) afin qu ils rencontrent les dirigeants ou les membres de son conseil d administration et… …   Wikipédia en Français

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”