Understanding shareholder meetings
Shareholders in a corporation are required by the law to hold a general meeting at least every 15 months but is generally done every year. Usually called an AGM or “Annual General Meeting”, it is the time of the year when corporations’ key persons see each other to discuss important business matters or make critical decisions.
Below is the usual agenda of AGM:
- Presentation and approval of the previous AGM minutes
- Presentation and approval of the company’s financial statements
- Shareholders’ approval of actions that are decided by the board of directors
- Approval of dividend payments
- Exercise shareholders’ rights to elect new members of the board or vote for or against a particular issue of the company
Aside from the above-mentioned agenda, an AGM is also a way for shareholders to express their opinions with regards the growth or future status of the business. As an AGM is critical to the success of every business, working with a skilled business attorney who would help you facilitate and oversee your company’s AGM is worth considering. Find out how an Austin attorney at Adam Pugh may work for you today by calling (512) 472-2431.