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What is the Annual General Meeting?

annual meeting
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What is the Annual General Meeting?

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An AGM consists of routine matters, such as the election of directors, approval of reports and accounts which are put to the vote of shareholders. Company directors can take this opportunity to put forward other matters requiring the agreement of shareholders such as setting the limits on the number of shares that can be issued in the following year.

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The AGM is an annual meeting of all shareholders held to deal with routine company matters, such as the election of directors and the approval of reports and accounts which are put to the vote of shareholders. Company directors usually take this opportunity to bring forward other matters requiring the agreement of shareholders such as setting the limits on the number of shares that can be issued in the following year.

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Public limited companies are required to hold an annual general meeting, or AGM of shareholders at which decisions are taken on the company’s business. The ‘ordinary’ business of the AGM is repeated every year and includes accepting the company’s accounts for the year and fixing the proportion of a company’s profits that will be paid back to shareholders as a dividend. The company directors often take this opportunity to put forward other business requiring the approval of shareholders e.g. renewal of a share plan.

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Most limited companies are required to hold an Annual General Meeting, or (“AGM”) of shareholders at which decisions are taken on the company’s business. The ‘ordinary’ business of the AGM is repeated every year and includes accepting the company’s accounts for the year and agreeing the proportion of a company’s profits that will be paid back to shareholders as a dividend.

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The Annual General Meeting deliberates on agenda items, generally set by the Board of Directors. Each shareholder has the right to participate at the Annual General Meeting and holds as many votes as the number of shares and/or proxies with voting rights held 1 share = 1 vote.

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