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)
“To judge from a single conversation, he made the impression of a narrow and very English mind; of one who paid for his rare elevation by general tameness and conformity. Off his own beat, his opinions were of no value.”
—Ralph Waldo Emerson (1803–1882)
“Passing through here in 1795, Bishop Asbury commented, ‘The country improves in cultivation, wickedness, mills, and stills.’ Five years later, he held a meeting in the neighborhood and remarked that he thought most of the congregation had come to look at his wig.”
—Administration in the State of Sout, U.S. public relief program (1935-1943)