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:
“Every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the publick interest, nor knows how much he is promoting it.... He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.”
—Adam Smith (1723–1790)
“Then comes my fit again. I had else been perfect,
Whole as the marble, founded as the rock,
As broad and general as the casing air.
But now I am cabined, cribbed, confined, bound in
To saucy doubts and fears.”
—William Shakespeare (1564–1616)
“I have seen some who did not know when to turn aside their eyes in meeting yours. A truly confident and magnanimous spirit is wiser than to contend for the mastery in such encounters. Serpents alone conquer by the steadiness of their gaze. My friend looks me in the face and sees me, that is all.”
—Henry David Thoreau (1817–1862)