An annual general meeting (commonly abbreviated as AGM, also known as the annual meeting) is a meeting that official bodies, and associations involving the general public (including companies with shareholders), are often required by law (or the constitution, charter, by-laws etc. governing the body) to hold. An AGM is held every year to elect the board of directors and inform their members of previous and future activities. 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 directions the business will take in the future.
Read more about Annual General Meeting: Public Companies in The United States, Private Companies in Great Britain, Attending The General Meeting
Famous quotes containing the words annual, general and/or meeting:
“In soliciting donations from his flock, a preacher may promise eternal life in a celestial city whose streets are paved with gold, and that’s none of the law’s business. But if he promises an annual free stay in a luxury hotel on Earth, he’d better have the rooms available.”
—Unknown. Charlotte Observer (October 6, 1989)
“He who never sacrificed a present to a future good or a personal to a general one can speak of happiness only as the blind do of colors.”
—Olympia Brown (1835–1900)
“I’ve met a lot of murderers in my day, but Dr. Garth, whatever he is, is the first man I’ve ever met who was polite to me and still made the chills run up and down my back.”
—Robert D. Andrews, and Nick Grindé. Police detective, Before I Hang, describing his meeting with Dr. Garth (1940)