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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.
Corporate or company meetings are statutorily-required meetings held by incorporated organizations for their major stakeholders. These business meetings are often attended by the company's officers, directors, and shareholders to discuss and transact the ordinary or special business of the company.
It includes plans for growth, areas of focus, key projects, and any strategic shifts in operations. Collaborative goal-setting during the annual planning meeting agenda helps ensure all team members are aligned with and invested in the company's future.
Shareholder meetings are a regulatory requirement which means most public and private companies must hold them. Notification of the meeting's date and time is often accompanied by the meeting's agenda. Meetings are generally administrative sessions that follow a specific format set forth well in advance.
An Annual General Meeting (AGM) is held to have an interaction between the management and the shareholders of the company. The Companies Act, 2013 makes it compulsory to hold an annual general meeting to discuss the yearly results, auditor's appointment and so on.
Annual meeting refers to the shareholders' general meeting held yearly on the date or ing to the formula by which such a meeting date will be fixed, as prescribed in the corporation's bylaws. The purpose of the annual meeting is for shareholders to elect the directors.
The main purpose of annual meetings is to allow shareholders to elect the directors who are responsible for the oversight of the company and its strategic direction. In addition, shareholders may be asked to vote on matters proposed by management or by other shareholders.
The regular annual meeting of the shareholders shall be held on such day each year as shall be designated by the Board, and at such time as the Board may from time to time designate, for the election of Directors and for the transaction of such other business as may lawfully come before such meeting.