Private and confidential: Company directors should always be very mindful of who are present at their AGMs, as serious business discussions do take place.
A company’s AGM, is a routine yet important event for all shareholders. A statute such as Malaysia’s Companies Act provides that the company must hold an AGM every calendar year, and not more than 15 months after the last such meeting, whichever is earlier.
There are clear rules as to who can and cannot attend an AGM. The AGM is a meeting of shareholders and a company’s management, and both are there to review what is called “ordinary business”. Such business includes going through the company’s accounts at the end of the most recent financial year, the election of directors, the appointment of and the fixing of remuneration for, auditors and the declaring of a dividend.
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