Corporate Law
Annual General Meeting (AGM)
A mandatory yearly meeting of a company's shareholders, at which key matters like financial statements and director appointments are considered.
Companies are legally required to hold an AGM within a specified period each year, giving shareholders the opportunity to review the company's performance, approve financial statements, and vote on matters like dividend declaration and auditor appointment.
Failure to hold an AGM as required can attract penalties on the company and its officers.
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