An annual general meeting (commonly abbreviated as AGM, also known as the annual meeting) is a meeting of the general membership of an organisation. These organisations include membership associations and companies with shareholders.
The AGM may include electing a board of directors, making important decisions regarding the organisation, and informing the members of previous and future activities. At this meeting, the stakeholders and partners may receive copies of the company’s accounts, review fiscal information for the past year, and ask any questions regarding the directions the business will take in the future.
At the annual general meeting, the president or chairman of the organization presides over the meeting and may give an overall status of the organisation. The secretary prepares the minutes and may be asked to read important papers. The financial director may present a financial report. Other officers, the board of directors, and committees may give their reports. Attending this meeting are the members or the stakeholders of the organization.