Saturday, January 1, 2011

AGM

An AGM or Annual General Meeting is a meeting that is typically required by laws and regulations to occur once a year as part of the governance of corporations and similar entities. Most mutual fund and managed investment product entities are required to hold an annual general meeting, whereby shareholders may be required to vote by proxy or attend a meeting to discuss certain matters. As examples of things shareholders may be asked to vote on are the following: Auditor appointment and remuneration, Re-election of directors, Election of new directors, Approval of share issuance, Changes to constitutions and policies, Mergers and acquisitions, Director remuneration, etc. It is important that shareholders and unit holders partake actively in the governance of the entities in which they have an interest.

Synonyms: Annual General Meeting, Annual Meeting, Special General Meeting, EGM

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