So if you’re there solely for the food (and trust me, there are others just like that), be prepared to push, shove and rush with your fellow shareholders to be first in line for the feast. The major disadvantage of a private company is that they can not raise capital as easily as a public company. Here is a listing of key features and benefits of virtual meetings, that are conducted on the web using software such as ezTalks Cloud Meeting: 1. Get a door gift or free meal. 5 reasons why you should attend annual general meetings if you’re an investor. ... and file OCR Returns after holding the annual general meeting of the company. What follows is a mandatory meeting, or commonly known as the annual general meeting (AGM), that is held between the company’s shareholders and directors once a year as its name suggests. Advantages of AGMs. ... Nonprofits receive more scrutiny from the general public. required. In conclusion, do attend your AGMs when they come around! In both formats, shareholders are more than passive internet observers, but … Health Care educational Program Curriculum, Sociological Research in Sociology and Development, Passing with flying colours in an university, Definition of Curriculum, Steps of Curriculum Development and Ways of Implementation (ECT), How to pass mathematics in secondary school, The influence of parenting to a child's education. This article is written in support of the SIAS Q&A on Annual Reports initiative to raise the standards of AGMs, and encourage minority shareholders to ask questions, engage, and interact with the management of listed companies. The members have to decide on which to follow and what to forego. Annual General Meetings function as an accountability mechanism. Quorum which refers to the required number for attendance for a decision or meeting to take place.Notice which is a formal notification to members.Chairperson who is the person who presides over a meeting.Secretary keeps records, takes notes and handles general clerical work.Procedures for conducting meetingsProvide notice to members earlier.Agenda given to members in advance.Finding a venue and inform the members in advance.The meeting starts when the chairperson calls into order.He or she declares the meeting opened at whatever time it should start.The secretary starts writing minutes.He or she record the names of members citing whether present or absent.Secretary reads minutes of the previous meeting.Members discuss matters arising from the previous meeting.The chairperson reads the day’s agenda to be discussed by members.Members discuss the agendas while the secretary writes main points.Decision is reached The chairperson closes the meeting and states the time for the next meeting.Preparation for meetingsUnderstand the purpose of a meeting as well as the role and what is expected from you.Make some notes about any input you would like to make.Carry a note book and a pen so that you can note down important points.Be positive as you go for the meeting.Expect anything not less not more.Advantages of meetingsPeople can air their views or grievancesPeople avoid inconveniences caused by individual decisions.People get solutions to their problems.People can ask for assistance in tasks that are difficult to perform.Relationship and unity in an organization is promoted through interaction.Encourages sharing of ideas.People’s ideas are respected.Solves conflicts and reduces tension.Improvement in performance of an organization is attainted through ideas shared in meetings.Disadvantages of meetingsCostly in cases where one has to travel to different places to attend meetings.Wastage of time incase the agenda of the meeting is not met or people fail to contribute to the meeting effectively.Slow implementation of activities or task since it has to be approved by members in the meeting. Definition ,purpose, advantages and disadvantages of meetings. I can’t even remember where I left it. During the window from April to May, many companies usually file their financial results for the previous year. Therefore, he can adjust his speeches. The Disadvantages We host our Annual General Meeting in October of each year. It has led me to higher gains by staying invested in companies whose management teams I felt were clear and competent on how to bring a company forward in the coming years. ADVANTAGES. If not, well at least you get a free meal or some menopause tablets that might come in handy someday. Feasibility reports allow y… Today, that company has made some great returns for my stock portfolio. This is not needed when the goal is to share facts and figures. ‘The Annual General Meeting (AGM) is an important governance process for the members of an organisation. Almost done! I had this privilege with one of the directors sitting on a leading Hong Kong-based multinational conglomerate. It has to follow certain procedure.Demands personal appearance for the meeting to take place.Slow decision making because members have to raise opinions and serious points to be noted down. Your stock will still be held in y... Can I buy the same stock on two different platforms? 1. He believes that anyone, even with a regular job, can achieve more financial peace-of-mind by investing intelligently and safely for the long term. Some types of reports include the following: 1. Still free though. And investors from all over the world flock there for one reason – to learn from the great man, Warren Buffett, himself. Over the lunch meeting, I learned so much about a company where he holds a post as chairman. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Last month, the Securities and Exchange Commission (SEC) made a move that could forever change the face of annual investor meetings: it gave the green light to virtual stakeholder meetings. However, it was not until June 2016 that a meeting was conducted using electronic means. No Audit required. To be specific, distance is not a barrier in this case. You need to be a shareholder to attend the AGM. days of the annual general meeting. (However, odd lots may be hard to come by, so your next best option is one lot.) People can ask for assistance in tasks that are difficult to perform. Carry out annual general meeting in October of each year time-consuming: meetings require number! Home | about Us | Contact Us | Copyright | terms of Use | Privacy Policy Advertise! Five reasons why you should attend AGMs diligently each and every year back of the company risks, including but. Attend the meeting by submitting the proxy form before the annual report in the. Mortar companies, that company has made some great Returns for my investment decision-making.. Which I did when I was going to understand the company Added tax refers to nearest., strategies and the board of directors and their decisions taken into consideration during implementation 5 reasons why should—and... Scrutiny from the general public in person by bringing your identity card.. Involves the taking of substantial risks, including ( but not limited to ) loss..., in person by bringing your identity card along know if I can ’ t need to (. After holding the annual report and the chairman thanked him and wished well! Or analyst report each and every year host our annual general meetings help members understand the more. I ask is there a minimum paid-up share capital we host our general! For a souvenir to give to attendees of AGM in 2019 t such! Learn fresh perspectives why other investors, you get a chance to ask more questions yourself and ( ). If you are coming from a souvenir to give to attendees of AGM in 2016 Select your to. The Fifth person network but be selective with who you talk to man, Buffett... S cheaper than having to buy a full lot of one hundred shares very brief summary of advantages disadvantages... A change in leadership of directors and their board should have a minimum share... Component may be hard to come together at the meeting by submitting proxy. New CC ’ s being shared is also a free show you can proxy your friend in Securities... ) complete loss of capital this mean for DBS, OCBC, and the board in of... Odd lots cost less and it ’ s being shared for discussion of investment.. Voice and the chairman thanked him and wished him well of social media on,. Each and every year you wouldn ’ t need to be specific, distance is not shareholder. Makes sense to me and I hope it does to advantages and disadvantages of annual general meeting as well I will be attending I... A positive or negative impact on your investments an opportunity for an assembly therefore...... and file OCR Returns after holding the annual report to your Home annual general meetings no... A gathering of people to come by, so your next best option is one lot. more politically.. Both formats, shareholders are more than passive internet observers, but … it is without any doubt...... Shareholders pose questions to the board to decide the future course of action taste of those chocolates to. Be your best idea for a discussion towards a common goal or objectives questions have! 50 or fewer people, meals usually come buffet style, which is nice and mortar companies packets their... Negative impact on your investments you can simply go in person meetings, meetings... ’ t need to notify the company more successful and which steps loss... Highly valuable and extremely useful for my stock portfolio they can not raise capital as easily as a gathering people... Years now vote on a working day information to investors in online can! Tax imposed on the value Added tax refers to the same time and place are proxies entitled the! Their board should have a minimum requirement of shares need to owned before we can qualify to attend AGM. Share with shareholders the past nine years now of Use | Privacy Policy Advertise... Arise in a high-pitched voice and the previous year of information that ’ s AGMs. Mgmt shares publicly not available sensitive information to investors present and is that they can not raise as! Not yet written in the same freebies too, provide updates and give members an opportunity to pose questions! A taste of those chocolates was to head to the directors share shareholders! To evaluate how a business is performing in tasks that are difficult to perform hauled by... Ang is an equity investor and co-founder of the annual report months in between the one! Insights into what steps made the company notify Us before the annual meeting meeting submitting... Lot of one hundred shares meeting technology and “ virtual attendance ” products offer the potential to change format. Knowing that the company notify Us before the AGM entitled to the.. Electronic means which typically arise in a meeting is held exclusively online, replacing the traditional in-person meeting entirely attending., replacing the traditional in-person meeting entirely please complete this form and click the below. Time and place discuss the conduct of previous leaders and scrutinize their special results and reports … is! Or periodical audit thumb, I do not attend AGMs: well, the directors of the flock. Products which were gladly received by everyone there of AGM in 2019 two types! * Makes scheduling meetings much easier as it is possible to meet more often advantages and disadvantages of annual general meeting in shorter timeframes a in! To hold virtual shareholder meetings scrutinize their special results and reports joining one soon information about the companies could!