Key Takeaways. General meetings are formal meetings of a company's shareholders or guarantors (aka its members). These meetings are optional for private companies but compulsory for public companies.
An Annual General Meeting (AGM) is a yearly gathering where a company's shareholders and board of directors meet to discuss important aspects of the company. At the AGM, the directors present an annual report to update shareholders on the company's performance, strategy, and management.
General meetings include any meetings of members (usually shareholders) such as annual general meetings (AGMs), meetings of different classes of members and creditors' meetings.
It is the most important corporate event of the year for shareholders. Its structure is regulated by Spain's law on corporations (Ley de Sociedades de Capital). The general meeting called within six months of the end of the previous fiscal year is known as the “annual” general meeting (or “AGM”).
Special meetings of the shareholders may be called for any purpose or purposes, at any time, by the Chief Executive Officer; by the Chief Financial Officer; by the Board or any two or more members thereof; or by one or more shareholders holding not less than 10% of the voting power of all shares of the corporation ...
Menu Inversionistas. In ance with the current Statutes, two types of general assemblies can be held: ordinary and extraordinary. Ordinary general shareholders meetings are those convened to discuss any matter that is not reserved for extraordinary general shareholders meetings.
An AGM (also known as an annual shareholder meeting) is a yearly meeting between shareholders and board members where they gather to: Discuss business matters. Review financial statements. Address resolutions.
In many companies, every shareholder or guarantor can attend and vote at general meetings.
An AGM (also known as an annual shareholder meeting) is a yearly meeting between shareholders and board members where they gather to: Discuss business matters. Review financial statements. Address resolutions. Elect or remove board directors.