An Annual General Meeting (AGM) is a formal yearly gathering where a company’s shareholders review performance and vote on key governance decisions. For UK public limited companies, holding one is a legal obligation. This article will explain what an AGM is, when to have one, what business should be covered, and the key procedural requirements to comply with under UK company law.<\/p>\n\n\n\n
An AGM is a yearly meeting of a company’s shareholders. It is a legal requirement for UK public limited companies and, depending on their articles, optional for private limited companies.
The core purposes of an AGM are to:<\/p>\n\n\n\n
AGMs allow shareholders to participate in key decision-making and hold the board accountable for its governance and stewardship<\/a>. Shareholders can scrutinise management, vote on resolutions, and ask questions about the company’s affairs.<\/p>\n\n\n\n Public companies must hold an AGM each year within 6 months of their accounting reference date. For example, if their financial year<\/a> ends on 31 December, the AGM must occur by 30 June.<\/p>\n\n\n\n Private companies only need to hold an AGM if their Articles require it or enough members request a general meeting under the Companies Act 2006. The model articles that many private companies have don\u2019t require AGMs.<\/p>\n<\/div>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\nWhen Must an AGM Be Held?<\/h2>\n\n\n\n