AGM stands for Annual General Meeting. It is a formal meeting held annually by organizations, companies, and clubs to discuss various matters related to their operations.
Key points about AGMs:
- Usually held once a year, often towards the beginning of the calendar year.
- Provides a platform for shareholders, members, or stakeholders to review the organization’s performance, financial statements, and future plans.
- Allows for voting on important decisions, such as electing new board members, approving financial reports, and amending bylaws.
- Open to all members or shareholders, although voting rights may be restricted based on specific categories.
Sentence Examples:
- “The company’s upcoming AGM will focus on the new product launch and its impact on future growth.”
- “Members are encouraged to attend the AGM and actively participate in discussions and voting.”
- “The agenda for the AGM includes presentations on the financial performance, strategic plans, and proposed amendments to the organization’s constitution.”