Annual general meeting
An annual general meeting is a members’ meeting held under the rules applicable to the company and its constitution. UK law imposes an AGM requirement on public companies and may impose duties on other specified companies; requirements depend on the company type and applicable law. Members can consider matters properly included in the business of the meeting. A special resolution need not inherently be passed at an AGM: a valid general meeting or permitted written procedure may be available.
Worked example
A public company convenes its required AGM within the statutory period following its accounting reference date. A private company separately checks its legal status and articles before deciding whether an AGM is required.
Common mistake
Assuming every company must hold an AGM, or that changing articles can only be approved at an AGM.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | LW (ENG) | Direct | September 2026–June 2027 |