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An annual general meeting (commonly abbreviated as AGM, also known as the annual meeting) is a meeting
Meeting

In a meeting, two or more people come together for the purpose of discussing a predetermined topic such as business or community event planning, often in a formal setting....
 that official bodies, and associations
Voluntary association

A voluntary association or union is a group of individuals who volunteer enter into an agreement to form a body to accomplish a purpose....
 involving the public
Public

Public, adj, is of or pertaining to the people; relating to, or affecting, a nation, state, or community; opposed to Private sector; as, the public treasury, a road or lake....
 (including companies with shareholder
Shareholder

A mutual shareholder or stockholder is an individual or company that legally owns one or more share s of stock in a joint stock company....
s), are often required by law
LAW

LAW may refer to:* Anti-tank warfare, e.g. the US Army M72 LAW or the British Army LAW 80*Palestinian Society for the Protection of Human Rights ...
 (or the constitution
Constitution

A constitution is a system for government — often codified as a written document — that establishes the rules and principles of an autonomous political entity....
, charter
Charter

A charter is the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified....
 etc. governing the body) to hold.

An AGM is generally held every year to inform their members of previous and future activities. In organization
Organization

An organization is a social arrangement which pursues collective goals, which controls its own performance, and which has a boundary separating it from its environment....
s run by volunteer
Volunteer

A volunteer is someone who works Community service or for the benefit of environment primarily because they choose to do so. The word comes from France, it can also be translated as "will" ....
s or a paid committee
Committee

A committee is a type of small deliberative assembly that is usually intended to remain subordinate to another, larger deliberative assembly—which when organized so that action on committee requires a vote by all its entitled members, is called the "Committee of the Whole"....
, the AGM is generally the forum for the election
Election

An election is a decision-making process by which a population chooses an individual to hold formal office. This is the usual mechanism by which modern Representative democracy fills offices in the legislature, sometimes in the executive and judiciary, and for regional government and local government....
 of officers or directors
Board of directors

A board of directors is a body of elected or appointed persons who jointly oversee the activities of a company or organization. The body sometimes has a different name, such as board of trustees, board of governors, board of managers, or executive board....
 for the organization.

It is an opportunity for the shareholders and partners to receive copies of the company's accounts as well as reviewing fiscal information for the past year and asking any questions regarding the decisions the business will take in the future.

In Great Britain it became optional with effect from 1 October 2007 for any private company to hold an AGM, unless its articles of association specifically require it to do so.

is commonly used on the TV broadcasting networks in Australia and NZ.






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An annual general meeting (commonly abbreviated as AGM, also known as the annual meeting) is a meeting
Meeting

In a meeting, two or more people come together for the purpose of discussing a predetermined topic such as business or community event planning, often in a formal setting....
 that official bodies, and associations
Voluntary association

A voluntary association or union is a group of individuals who volunteer enter into an agreement to form a body to accomplish a purpose....
 involving the public
Public

Public, adj, is of or pertaining to the people; relating to, or affecting, a nation, state, or community; opposed to Private sector; as, the public treasury, a road or lake....
 (including companies with shareholder
Shareholder

A mutual shareholder or stockholder is an individual or company that legally owns one or more share s of stock in a joint stock company....
s), are often required by law
LAW

LAW may refer to:* Anti-tank warfare, e.g. the US Army M72 LAW or the British Army LAW 80*Palestinian Society for the Protection of Human Rights ...
 (or the constitution
Constitution

A constitution is a system for government — often codified as a written document — that establishes the rules and principles of an autonomous political entity....
, charter
Charter

A charter is the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified....
 etc. governing the body) to hold.

An AGM is generally held every year to inform their members of previous and future activities. In organization
Organization

An organization is a social arrangement which pursues collective goals, which controls its own performance, and which has a boundary separating it from its environment....
s run by volunteer
Volunteer

A volunteer is someone who works Community service or for the benefit of environment primarily because they choose to do so. The word comes from France, it can also be translated as "will" ....
s or a paid committee
Committee

A committee is a type of small deliberative assembly that is usually intended to remain subordinate to another, larger deliberative assembly—which when organized so that action on committee requires a vote by all its entitled members, is called the "Committee of the Whole"....
, the AGM is generally the forum for the election
Election

An election is a decision-making process by which a population chooses an individual to hold formal office. This is the usual mechanism by which modern Representative democracy fills offices in the legislature, sometimes in the executive and judiciary, and for regional government and local government....
 of officers or directors
Board of directors

A board of directors is a body of elected or appointed persons who jointly oversee the activities of a company or organization. The body sometimes has a different name, such as board of trustees, board of governors, board of managers, or executive board....
 for the organization.

It is an opportunity for the shareholders and partners to receive copies of the company's accounts as well as reviewing fiscal information for the past year and asking any questions regarding the decisions the business will take in the future.

In Great Britain it became optional with effect from 1 October 2007 for any private company to hold an AGM, unless its articles of association specifically require it to do so.

Usage of AGM

AGM is commonly used on the TV broadcasting networks in Australia and NZ. ABC Lateline Business podcast is one source where one can find it in common use. In NZ, the finsec programs on radio and TV use the term also.

In Canada it is used much less commonly, but may have been in simi-de facto use since the 1930s. Due to Canada's bilingual policies in place since the 1970s one may see the Quebec French abbreviation coupled with the English abbreviation.

PG Wodehouse -- in his Jeeves and Wooster
Jeeves and Wooster

Jeeves and Wooster is a United Kingdom comedy television series adapted by Clive Exton from P. G. Wodehouse's Jeeves stories. The series was produced by Carnival Films for Granada Television and screened on the ITV network from 1990 in television to 1993 in television....
 stories written during the 1930s and dramatized in the 1990s by Hugh Laurie used AGM (it is understood that Hugh Laurie left Wodehouse's spoken text alone). The PG Wodehouse text example implies that AGM has been defacto since the 1920s.

See also

  • Extraordinary General Meeting
    Extraordinary General Meeting

    An Extraordinary General Meeting, commonly abbreviated as EGM, is a meeting of members of an organisation, shareholders of a company, or employees of an official body, which occurs at an irregular time....
  • Company law