Term: ANNUAL GENERAL MEETING [AGM]

This is a meeting of the shareholders of a company, which is required in terms of section 61 of the Companies Act (71 of 2008). The AGM must be held within six months of the end of the company’s financial year. At least 21 days’ notice of these meetings must be given to shareholders. At the meeting, the directors present the company’s financial statements amongst other things. Shareholders vote at these meetings according to the number of voting shares which they hold. These days, most annual general meetings are attended by only a fraction of the total number of shareholders – with most voting by proxy or not at all. It is worth attending the AGMs of the companies in which you hold shares. You will often get the opportunity to meet the CEO or some of the other directors and, certainly, you will come away with a far better understanding of the business.

All information and data contained within the PDSnet Glossary terms is for informational and educational purposes only. PDSnet makes no representations as to the accuracy, completeness, suitability, or validity, of any information, and shall not be liable for any errors, omissions, or any losses, injuries, or damages arising from its display or use. Information in the PDSnet glossary terms is based on the author’s opinion and experience and should not be considered professional financial investment advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Thoughts and opinions will also change from time to time as more information is accumulated. PDSnet reserves the right to delete any glossary term for any reason.« Back to Glossary Index