Form with which the stockholders of a corporation waive the necessity of a first meeting of stockholders.
Form with which the stockholders of a corporation waive the necessity of a first meeting of stockholders.
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Noun. annual meet·​ing. : a meeting of shareholders that the law requires a corporation to hold each year for the election of directors and the transaction of other business compare special meeting.
The annual board of directors meeting is held to go over the details of the past year and decide on actions and strategies for the corporation for the next year. Keeping meeting minutes helps to ensure all these actions are documented in the corporate record.
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As the name implies, an annual general meeting (AGM) is a yearly meeting where shareholders and board members converge to discuss business matters, review financial reports, and vote on the election or removal of company directors. AGMs are mandatory for both public and private companies.