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.
An annual general meeting (AGM) is the yearly gathering of a company's interested shareholders. At an annual general meeting (AGM), directors of the company present the company's financial performance and shareholders vote on the issues at hand.
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.
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.
Generally speaking, annual meetings are a formal discussion of a company's goals, strategy, financial situation, proposed changes to governance documents, or other pending decisions that require a vote by or approval of the business's owners.
For example, an annual general meeting (AGM) provides an opportunity for the board of directors and shareholders to come together, review the company's performance, and discuss its future direction.