What Is an Annual General Meeting?
An annual general meeting (AGM) is a yearly meeting of Members. At the AGM, the directors of the company present an annual report, which contains information for Members about the company’s performance and strategy. Members vote on current issues, such as appointments to the company's board of directors, approval of changes to the company’s By-laws (if any) and selection of auditors.
Members who do not or cannot attend the meeting in person may vote by proxy, which can be done online or by mail.
The holding of an AGM is the principal right of the company's Members. If a company needs to resolve a problem between annual general meetings, it may call an extraordinary general meeting.