An annual general meeting (AGM) is the yearly gathering of a company's interested shareholders. It is a time for the company to report on its financial performance, as well as provide shareholders the opportunity to ask questions and express their views. This provides shareholders with the chance to get to know the company better, as well as their representatives on the board.

At an AGM, the directors of the company will present financial statements, such as the balance sheet, profit and loss account, and income statement. As well, they will explain the company’s risks and future opportunities and provide updates on financial progress. During this presentation, shareholders may ask questions that give insight into the company’s strategy and outlook. Following the presentation, shareholders may vote on proposals. These may include the election of directors, the appointment of an auditor, and the approval of other corporate matters.

For shareholders who are not able to attend the meeting in person, the option to vote by proxy is available. This can be done online or by mail either before or during the AGM. Proxy voting allows shareholders to express their views and have their votes counted, regardless of their physical location.

AGMs also provide a platform for activist shareholders to express their views. By gathering all interested shareholders in one room, activists are able to have their questions and concerns heard by the broader shareholder community. This can often result in changes to the company’s strategies or policies.

Overall, an annual general meeting is an essential event for a company and its shareholders. It provides shareholders the opportunity to get to know the company better, as well as voice their opinions on key issues. By understanding the benefits of attending or voting by proxy at an AGM, shareholders are able to ensure that their interests are properly represented.