Annual General Meeting (AGM)

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AGM or Annual General Meeting - Meeting held once a year where the directors of the company report to the shareholders on the year’s performance and nay vacancies in the board of directors are filled by shareholders’ consent. The chief of the company comments on the future outlook of the company, and answers questions from shareholders. Notice of the meeting, along with a copy of the ANNUAL REPORT (or an abridged version of it) has to be compulsorily sent to every shareholder, who may send a proxy to attend on his behalf. Shareholders can insist that all resolutions on company policy be voted upon by the equity shareholders of the company. This meeting also receives the auditors’ report, appoints auditors, and fixes their remuneration.

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.

Annual General Meeting (AGM)

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