Company total annual general conferences (AGMs) are very important business gatherings that give shareholders a voice to show their views, participate in voting procedures and influence the direction of a firm. They provide the opportunity for companies to convey all their long-term desired goals, development programs and industry predictions, along with build romances with stakeholders.
Typically, the meeting is usually conducted personally but can even be held by means of video meeting or even remotely. In these instances, the AGM should be notified https://cof-cg.org/2019/10/13/company-corporate-policy in the beginning to ensure that pretty much all stakeholders and potential participants are aware of the main points. It is best to have a clear intention so that everyone is able to come prepared to address all their concerns and questions.
It is actually customary for the president or perhaps chairman to conduct the meeting and present an understanding of the organization’s current status. In addition , the treasurer should present the organization’s financial statement. A copy of your statement should be sent to stakeholders in advance so that they can review it before the AGM.
The AGM is the time for stakeholders to question control on poor performance and demand sufficient answers. It is also an opportunity to ask about the strategies that is put in place to enhance performance. However , it is vital that all parties remain respectful , nor turn the AGM to a political program. Stakeholders who also cannot attend the AGM may appoint a representative to vote with them, which is known as proxy presence. This must be done according to the Companies Act’s rules and procedures.