The AGM full form in market for shares is Annual General Meeting. It is the annual meeting of all members of a company’s shareholders as well as director’s board. At this meeting, the director of the business are expected to provide an annual report about the company’s performance to shareholders.
What happens at the AGM?
The company’s performance will be reported by directors to shareholders at their general meetings. Shareholders are expected to vote on the election of a board of directors, auditors’ selection and will also decide on dividend payouts and compensation for executives. Shareholders who cannot to be present at the meetings may vote online or via email. Shareholders may also voice their concerns or ask questions of Directors of the corporation.
When will General body meetings to be held?
AGM is the sole occasion where both the owners of the business and its directors get together. The purpose of this gathering is to choose the directors’ board and address any issues facing the company. Companies who estimate their market capitalization as of 31 March March must ensure that they hold the General Body meeting no later than 5 months following the conclusion of the financial year.
