What is an Annual General Meeting (AGM)? Definition or Meaning

An Annual General Meeting, also known as an AGM’s are a yearly get-together of a company’s owners, stakeholders and directors. The purpose of the meeting is to review annual financial statements and elect committee members as required. In some countries, AGMs are compulsory for all companies and associations above a certain size.

For example…

At your AGM, you and your directors, chairpersons and stakeholders will go over the last twelve months of your business’s operations, mostly focusing on financial details. Skipping this meeting may result in consequences, as for many businesses it is a legal requirement.