Company annual general meetings will be held in order for investors to have source into the way of the business. The assembly is organised once a year plus the purpose is always to elect the board of directors intended for the future year. The board of directors is liable for governance and direction of the company and the term is typically until the next annual standard meeting, nevertheless may be extended if the business bylaws allow this.

Often , company shareholders can vote by the meeting with just a proksy form. They can also decide the chairman for the meeting in the event they so wish. The articles of association belonging to the company can specify the positioning of the chairman. Every organization must also put together meeting a few minutes, which are drafted records for the meeting plus the resolutions implemented.

The short minutes of the AGM should be distributed to any or all members, who a right to review them. In case the chairperson will not attend the meeting, the board can elect a new one. Ordinary and special promises are used to make decisions at an AGM. Regular promises are transferred by a simple majority.

AGMs are an option meant for shareholders to boost questions and challenge supervision if the organization has not been executing as expected. If this is the case, the shareholders can demand acceptable company annual general meetings answers and ask regarding strategies to change the business.