What is an Annual Meeting?
The annual meeting is a special meeting held once a year to “review the results of corporate operations” with the shareholders. In larger corporations, shareholders do not generally participate in daily business operations. So, in order to make sure that shareholders are informed about their investment, corporations are required by most state laws to hold annual meetings for this purpose. Since officers and directors are usually appointed for terms of one year, annual meetings are also held to re-appoint the officers and directors of the corporation. Although holding an annual meeting may sound complicated, the requirement of holding an annual meeting is usually satisfied by using a standard pre-written form called Minutes of Annual Shareholders Meeting included in chapter eight. If you read through the form, you’ll see that it records that the actions described above are performed.
As its name implies, an Annual Meeting is one which is convened yearly. Publicly held corporations in the United States are required by the Securities and Exchange Commission to hold an Annual Meeting. Annual Meetings are typically when directors are elected and decisions are put to the stockholders regarding actions to be taken of a corporate nature.
The annual meeting is a special meeting held once a year to review the results of corporate operations with the shareholders. In larger corporations, shareholders do not generally participate in daily business operations. So, in order to make sure that shareholders are informed about their investment, corporations are required by most state laws to hold annual meetings for this purpose. Since officers and directors are usually appointed for terms of one year, annual meetings are also held to reappoint the officers and directors of the corporation.
Each corporation in accordance with its bylaws must hold an annual meeting of its shareholders. The time of the meeting may be stated in or fixed in accordance with the bylaws. The meetings are intended for the corporate directors and officers to inform the shareholders of the status of their investment.
(back to top) The annual meeting is a special meeting held once a year to “review the results of corporate operations” with the shareholders. In larger corporations, shareholders do not generally participate in daily business operations. So, in order to make sure that shareholders are informed about their investment, corporations are required by most state laws to hold annual meetings for this purpose. Since officers and directors are usually appointed for terms of one year, annual meetings are also held to reappoint the officers and directors of the corporation. Although holding an annual meeting may sound complicated, the requirement of holding an annual meeting is usually satisfied by using a standard pre-written form called Minutes of Annual Shareholders Meeting included in chapter eight. If you read through the form, you’ll see that it records that the actions described above are performed.
Related Questions
- Does my participation in AACEs Annual Meeting or Section meetings count toward my required CEUs/PDHs obligations for another professional organizations recertification credit(s)?
- Where can I find out about upcoming investor events, including quarterly earnings reports, Annual Meeting of Shareholders, presentations at analyst conferences, etc.?
- Who will pay for the expenses associated with the Annual Meeting and the Special Meeting?
