The Full Form of AGM

AGM Full Form – The Full Form of AGM in banking terms is Annual General Meeting which is a compulsory meeting arranged for all the interested shareholders of an organization. During this meeting, the directors of the organization are in charged with presenting a report containing the annual information about the company that would be relevant to its shareholders to judge the organization’s strategy and performance.

After going through the report and presentation, the shareholders of the business who have voting rights are allowed to vote on the current issues of the company, and some major decisions that need to be made. This includes decisions such as appointing a new member of the board of directors, deciding executive compensations, dividends, and also choosing auditors for the business.

Some shareholders who may be unable to attend usually choose to vote by proxy. This means that they may either vote online, or via mail (this method is becoming obsolete since the online medium allows them to be more informed about the decision in real time).

During the AGM, the shareholders are also given some time specifically to ask questions about the company’s strategies to the board of directors. Some activist shareholders can also utilize the meeting as a way to express certain concerns they may have for the performance of the company.

This meeting’s primary purpose is to allow the shareholders a chance to vote on the company issues and also to get guidance on important decisions relating to the company’s vision.

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