CAA Club Group’s 116th Annual General Meeting of Members was held on May 13, 2019 in Markham,
Please check this page again next year for details on the 117th AGM.
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
The Corporations Act contains the rules governing an AGM. For example, there are provisions
detailing how far in advance Members must be notified of when the AGM will be held and how to
vote by proxy.
The following items, by law, must be discussed at the AGM:
Minutes of Previous Meeting: The minutes of the previous year’s AGM must be presented
Financial Statements: The company presents its annual financial statements to its Members.
Election of the Board of Directors: The Members elect or re-elect the board of directors for
the term as set out in the company’s By-law.
Several other elements may be added to the agenda. Often, the company’s directors and executives use the
AGM as an opportunity to share their vision of the company’s future with the Members.