{"id":33754,"date":"2020-03-10T10:31:46","date_gmt":"2020-03-10T02:31:46","guid":{"rendered":"https:\/\/zegal.com\/?p=33754"},"modified":"2024-12-27T18:06:51","modified_gmt":"2024-12-27T10:06:51","slug":"annual-general-meetings","status":"publish","type":"post","link":"https:\/\/zegal.com\/en-sg\/blog\/post\/annual-general-meetings\/","title":{"rendered":"The ABCs of Annual General Meetings"},"content":{"rendered":"<div id=\"contentsContainer\">\n<div id=\"contents\">\n<h5>\u00a0<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33832\" src=\"https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/christina-wocintechchat-com-faEfWCdOKIg-unsplash-1024x684.jpg\" alt=\"\" width=\"1024\" height=\"684\" srcset=\"https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/christina-wocintechchat-com-faEfWCdOKIg-unsplash-1024x684.jpg 1024w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/christina-wocintechchat-com-faEfWCdOKIg-unsplash-300x200.jpg 300w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/christina-wocintechchat-com-faEfWCdOKIg-unsplash-768x513.jpg 768w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/christina-wocintechchat-com-faEfWCdOKIg-unsplash-1536x1025.jpg 1536w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/christina-wocintechchat-com-faEfWCdOKIg-unsplash-2048x1367.jpg 2048w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/christina-wocintechchat-com-faEfWCdOKIg-unsplash-640x427.jpg 640w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/christina-wocintechchat-com-faEfWCdOKIg-unsplash-1200x801.jpg 1200w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/christina-wocintechchat-com-faEfWCdOKIg-unsplash-1920x1282.jpg 1920w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 770px\" \/><\/h5>\n<h5>Here you&#8217;ll find a comprehensive overview of the rules on annual general meetings in the different jurisdictions of Hong Kong, Singapore, Australia, UK, Cayman Islands and British Virgin Islands.\u00a0<\/p>\n<\/h5>\n<h4 id=\"E126\" class=\"qowt-stl-Default\"><span id=\"E127\" class=\"qowt-font3-Arial\">What is an annual general meeting?<\/span><\/h4>\n<p id=\"E128\" class=\"qowt-stl-Default\"><span id=\"E129\" class=\"qowt-font3-Arial\">In many countries, an annual general meeting (<\/span><span id=\"E130\" class=\"qowt-font3-Arial\">\u201c<\/span><span id=\"E131\" class=\"qowt-font3-Arial\">AGM<\/span><span id=\"E132\" class=\"qowt-font3-Arial\">\u201d<\/span><span id=\"E133\" class=\"qowt-font3-Arial\">) is a statutory requirement for a company<\/span><span id=\"E134\" class=\"qowt-font3-Arial\">\u2019<\/span><span id=\"E135\" class=\"qowt-font3-Arial\">s directors and\/or shareholders to gather and discuss the company<\/span><span id=\"E136\" class=\"qowt-font3-Arial\">\u2019<\/span><span id=\"E137\" class=\"qowt-font3-Arial\">s financial report, overall business performance and strategy. Most jurisdictions have laws and ordinances that govern how companies are run, and alongside the company&#8217;s own articles of association (written rules about running the company agreed by the shareholders directors and the company secretary), set out the requirements surrounding AGMs. In my personal view, AGMs increase in importance the more directors, shareholders and interested parties a company has as it allows those who have a stake in the company to be kept in the loop.<\/span><\/p>\n<h5 id=\"E138\" class=\"qowt-stl-Default\"><span id=\"E139\" class=\"qowt-font3-Arial\">Some examples of ordinary business at an AGM:<\/span><\/h5>\n<ul>\n<li id=\"E140\" class=\"qowt-stl-Default\"><span id=\"E141\" class=\"qowt-font3-Arial\">Voting on resolutions<\/span><\/li>\n<li><span style=\"font-size: inherit;\">Dividend pay-outs<\/span><\/li>\n<li><span style=\"font-size: inherit;\">Appointment of directors\/auditors<\/span><\/li>\n<li><span style=\"font-size: inherit;\">Remuneration for senior executives and directors<\/span><\/li>\n<li><span style=\"font-size: inherit;\">Consideration of accounts and balance sheets<\/span><\/li>\n<\/ul>\n<p id=\"E151\" class=\"qowt-stl-Default\"><span id=\"E152\" class=\"qowt-font3-Arial\">Here we will briefly discuss <\/span><strong><span id=\"E153\" class=\"qowt-font3-Arial\">AGMs for Private Companies<\/span><\/strong><span id=\"E154\" class=\"qowt-font3-Arial\"><strong> in 6 different common law jurisdictions<\/strong>: Hong Kong, Singapore, United Kingdom, Australia, the Cayman Islands and the British Virgin Islands. <\/span><\/p>\n<p class=\"qowt-stl-Default\"><span id=\"E154\" class=\"qowt-font3-Arial\">For each jurisdiction, we will cover the basics of AGMs, including when AGMs should be held and how often, what goes on before and during an AGM, and other important issues such as how to appoint a proxy to attend meetings.<\/span><\/p>\n<blockquote>\n<p id=\"E155\" class=\"qowt-stl-Default\"><span id=\"E156\" class=\"qowt-font3-Arial\">Update:<\/span><span id=\"E157\" class=\"qowt-font3-Arial\"> Check your respective jurisdiction on the holding of AGMs due to the ongoing 2019 coronavirus outbreak. AGM requirements may vary due to the extenuating circumstances. Singapore Exchange Regulation, the regulatory body for the Singapore Exchange has given all companies an additional 2 months to hold AGMs amid the virus outbreak. Consider holding AGMs online if your jurisdiction permits it.<\/span><\/p>\n<\/blockquote>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33826\" src=\"https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/ting-he-NAi7YJEuHXk-unsplash-1024x573.jpg\" alt=\"\" width=\"1024\" height=\"573\" srcset=\"https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/ting-he-NAi7YJEuHXk-unsplash-1024x573.jpg 1024w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/ting-he-NAi7YJEuHXk-unsplash-300x168.jpg 300w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/ting-he-NAi7YJEuHXk-unsplash-768x429.jpg 768w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/ting-he-NAi7YJEuHXk-unsplash-1536x859.jpg 1536w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/ting-he-NAi7YJEuHXk-unsplash-2048x1145.jpg 2048w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/ting-he-NAi7YJEuHXk-unsplash-640x358.jpg 640w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/ting-he-NAi7YJEuHXk-unsplash-1200x671.jpg 1200w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/ting-he-NAi7YJEuHXk-unsplash-1920x1074.jpg 1920w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 770px\" \/><\/h3>\n<h3 id=\"E159\" class=\"qowt-stl-Default\"><span class=\"ez-toc-section\" id=\"Hong_Kong%E2%80%94Companies_Ordinance_Cap_622\"><\/span><span id=\"E160\" class=\"qowt-font3-Arial\">Hong Kong<\/span><span id=\"E161\" class=\"qowt-font3-Arial\">\u2014<\/span><span id=\"E162\" class=\"qowt-font3-Arial\">Companies Ordinance (Cap. 622)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4 id=\"E163\" class=\"qowt-stl-Default\"><strong><span id=\"E164\" class=\"qowt-font3-Arial\">When do you need to hold AGMs?<\/span><\/strong><\/h4>\n<p id=\"E165\" class=\"qowt-stl-Default\"><span id=\"E166\" class=\"qowt-font3-Arial\">Below are the legal requirements, but you won&#8217;t run into any trouble as long as the company convenes an AGM every 12 months.<\/span><\/p>\n<ul>\n<li id=\"E167\" class=\"qowt-stl-Default\"><span id=\"E168\" class=\"qowt-font3-Arial\">Within 9 months after its accounting reference period ends<\/span><span id=\"E169\" class=\"qowt-font3-Arial\">\u2014<\/span><span id=\"E170\" class=\"qowt-font3-Arial\">this applies to a company limited by guarantee or a private company that is not a subsidiary of a public company.<\/span><\/li>\n<li id=\"E171\" class=\"qowt-stl-Default\"><span id=\"E172\" class=\"qowt-font3-Arial\">No more than 15 months between AGMs<\/span><\/li>\n<li id=\"E173\" class=\"qowt-stl-Default\"><span id=\"E174\" class=\"qowt-font3-Arial\">First AGM must be held no later than 18 months after incorporation<\/span><\/li>\n<\/ul>\n<h4 id=\"E176\" class=\"qowt-stl-Default\"><strong><span id=\"E177\" class=\"qowt-font3-Arial\">Notice of an AGM<\/span><\/strong><\/h4>\n<h5 class=\"qowt-stl-Default\"><span id=\"E179\" class=\"qowt-font3-Arial\">A company must give at least a 21-day notice to its members, but watch out as the articles of association may have a stricter requirement. The notice must include:<\/span><\/h5>\n<\/div>\n<\/div>\n<div id=\"contentsContainer\">\n<div id=\"contents\">\n<ul>\n<li id=\"E180\" class=\"qowt-stl-Default\"><span id=\"E181\" class=\"qowt-font3-Arial\">Date and time of the AGM<\/span><\/li>\n<li><span style=\"font-size: inherit;\">Where it&#8217;s being held<\/span><\/li>\n<li><span style=\"font-size: inherit;\">Statement that the meeting is an AGM<\/span><\/li>\n<li><span style=\"font-size: inherit;\">The general nature of the business to be dealt with at the meeting<\/span><\/li>\n<li><span style=\"font-size: inherit;\">Where a resolution is intended to be moved at the meeting a notice of the resolution, and (where the company is not a wholly-owned subsidiary) the inclusion of a statement containing details, if any, that is reasonably necessary to show the purpose of the resolution<\/span><\/li>\n<li><span id=\"E191\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">Subject to the articles, a notice must also contain a statement specifying a member<\/span><span id=\"E192\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">\u2019<\/span><span id=\"E193\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">s right to appoint a proxy<\/span><\/li>\n<\/ul>\n<h4 id=\"E195\" class=\"qowt-stl-Default\"><strong><span id=\"E196\" class=\"qowt-font3-Arial\">How are AGMs held?<\/span><\/strong><\/h4>\n<p class=\"qowt-stl-Default\"><span id=\"E198\" class=\"qowt-font3-Arial\">Meetings are generally called by a company<\/span><span id=\"E199\" class=\"qowt-font3-Arial\">\u2019<\/span><span id=\"E200\" class=\"qowt-font3-Arial\">s directors and a 21 day+ notice is given to members. <\/span><span id=\"E202\" class=\"qowt-font3-Arial\">A quorum of at least two persons is required<\/span><span id=\"E203\" class=\"qowt-font3-Arial\">\u2014<\/span><span id=\"E204\" class=\"qowt-font3-Arial\">except for single member companies. The <\/span><span id=\"E206\" class=\"qowt-font3-Arial\">Chairman of the Board leads the meeting and the company secretary will coordinate the opening and running of the AGM. <\/span><span id=\"E208\" class=\"qowt-font3-Arial\">AGMs can be conducted through videoconferencing.<\/span><\/p>\n<h4 id=\"E210\" class=\"qowt-stl-Default\"><strong><span id=\"E211\" class=\"qowt-font3-Arial\">What if I can&#8217;t attend the AGM?<\/span><\/strong><\/h4>\n<p id=\"E212\" class=\"qowt-stl-Default\"><span id=\"E213\" class=\"qowt-font3-Arial\">You have the right to appoint another person as a proxy. <\/span><span id=\"E215\" class=\"qowt-font3-Arial\">A company limited by guarantee may confine proxies to members of the company only.<\/span><\/p>\n<h4 id=\"E217\" class=\"qowt-stl-Default\"><strong><span id=\"E218\" class=\"qowt-font3-Arial\">What if I don&#8217;t want to hold the AGM?<\/span><\/strong><\/h4>\n<p id=\"E219\" class=\"qowt-stl-Default\"><span id=\"E220\" class=\"qowt-font3-Arial\">There are circumstances that <\/span><span id=\"E221\" class=\"qowt-font3-Arial\">exempt<\/span><span id=\"E222\" class=\"qowt-font3-Arial\"> a company from holding AGM:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li id=\"E223\" class=\"qowt-stl-Default\"><span id=\"E224\" class=\"qowt-font3-Arial\">If a resolution to dispense with the holding of an AGM and the resolution is filed with the Companies Registry within 15 days after it has been passed (everyone agrees to not have an AGM that year)<\/span><\/li>\n<li><span style=\"font-size: inherit;\">If a written resolution in lieu of the AGM is passed (the AGM is done on paper)<\/span><\/li>\n<li><span style=\"font-size: inherit;\">A single member company is not required to hold an AGM<\/span><\/li>\n<li><span style=\"font-size: inherit;\">A dormant company is exempted from the requirement to hold AGMs<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p id=\"E232\" class=\"qowt-stl-Default\"><span id=\"E233\" class=\"qowt-font3-Arial\">Always refer to a company&#8217;s articles of association\/incorporation<\/span><span id=\"E234\" class=\"qowt-font3-Arial\">\u2014<\/span><span id=\"E235\" class=\"qowt-font3-Arial\">they can be used vary these rules.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33820\" src=\"https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/mike-enerio-7ryPpZK1qV8-unsplash-1024x683.jpg\" alt=\"\" width=\"1024\" height=\"683\" srcset=\"https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/mike-enerio-7ryPpZK1qV8-unsplash-1024x683.jpg 1024w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/mike-enerio-7ryPpZK1qV8-unsplash-300x200.jpg 300w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/mike-enerio-7ryPpZK1qV8-unsplash-768x512.jpg 768w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/mike-enerio-7ryPpZK1qV8-unsplash-1536x1024.jpg 1536w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/mike-enerio-7ryPpZK1qV8-unsplash-2048x1365.jpg 2048w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/mike-enerio-7ryPpZK1qV8-unsplash-640x427.jpg 640w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/mike-enerio-7ryPpZK1qV8-unsplash-1200x800.jpg 1200w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/mike-enerio-7ryPpZK1qV8-unsplash-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 770px\" \/><\/p>\n<h3 id=\"E237\" class=\"qowt-stl-Default\"><span class=\"ez-toc-section\" id=\"Singapore%E2%80%94Companies_Act_Cap_50\"><\/span><span id=\"E238\" class=\"qowt-font3-Arial\">Singapore<\/span><span id=\"E239\" class=\"qowt-font3-Arial\">\u2014<\/span><span id=\"E240\" class=\"qowt-font3-Arial\">Companies Act (Cap. 50)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4 id=\"E241\" class=\"qowt-stl-Default\"><strong><span id=\"E242\" class=\"qowt-font3-Arial\">When do you need to hold AGMs?<\/span><\/strong><\/h4>\n<ul>\n<li id=\"E243\" class=\"qowt-stl-Default\"><span id=\"E244\" class=\"qowt-font3-Arial\">For companies with financial year ending (FYE) <\/span><span id=\"E245\" class=\"qowt-font3-Arial\">on or after 31 August 2018<\/span><\/li>\n<li><span style=\"font-size: inherit;\">Non-listed company: Within 6 months after end of FYE<\/span><\/li>\n<li><span id=\"E250\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">For companies with financial year ending (FYE) <\/span><span id=\"E251\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">before 31 August 2018<\/span><\/li>\n<li><span style=\"font-size: inherit;\">Non-listed company: Financial statements you present at an AGM must be made up to a date not more than 6 months before the AGM<\/span><\/li>\n<li><span style=\"font-size: inherit;\">First AGM must be held no later than 18 months after incorporation<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div id=\"contentsContainer\">\n<div id=\"contents\">\n<h4 id=\"E257\" class=\"qowt-stl-Default\"><strong><span id=\"E258\" class=\"qowt-font3-Arial\">Notice of an AGM<\/span><\/strong><\/h4>\n<p id=\"E259\" class=\"qowt-stl-Default\"><span id=\"E260\" class=\"qowt-font3-Arial\">A company must give at least a 14-day notice to its members, but watch out as the articles of association may have a stricter requirement.<\/span><\/p>\n<ul>\n<li id=\"E261\" class=\"qowt-stl-Default\"><span id=\"E262\" class=\"qowt-font3-Arial\">Date, time, and venue of the AGM<\/span><\/li>\n<li><span style=\"font-size: inherit;\">Details of any resolutions to be passed<\/span><\/li>\n<li><span id=\"E266\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">Notice of a member<\/span><span id=\"E267\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">\u2019<\/span><span id=\"E268\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">s right to appoint a proxy (for members who cannot attend in person)<\/span><\/li>\n<li><span style=\"font-size: inherit;\">Ordinary business to be transacted<\/span><\/li>\n<li><span id=\"E272\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">Copies of the financial statements, balance sheet, and director<\/span><span id=\"E273\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">\u2019<\/span><span id=\"E274\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">s or auditor<\/span><span id=\"E275\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">\u2019<\/span><span id=\"E276\" class=\"qowt-font3-Arial\" style=\"font-size: inherit;\">s report<\/span><\/li>\n<\/ul>\n<h4 id=\"E278\" class=\"qowt-stl-Default\"><strong><span id=\"E279\" class=\"qowt-font3-Arial\">Typical AGM Process<\/span><\/strong><\/h4>\n<p id=\"E280\" class=\"qowt-stl-Default\"><span id=\"E281\" class=\"qowt-font3-Arial\">Meetings are generally called by a company<\/span><span id=\"E282\" class=\"qowt-font3-Arial\">\u2019<\/span><span id=\"E283\" class=\"qowt-font3-Arial\">s directors and a 14 day+ notice is given to members. <\/span><span id=\"E285\" class=\"qowt-font3-Arial\">A quorum of at least two persons is required. The <\/span><span id=\"E287\" class=\"qowt-font3-Arial\">Chairman of the Board leads the meeting and the company secretary will coordinate the opening and running of the AGM. <\/span><span id=\"E289\" class=\"qowt-font3-Arial\">Meeting minutes, passed resolutions, declared interest transactions and officers<\/span><span id=\"E290\" class=\"qowt-font3-Arial\">\u2019 <\/span><span id=\"E291\" class=\"qowt-font3-Arial\">appointments, need to recorded in the minutes<\/span><span id=\"E292\" class=\"qowt-font3-Arial\">\u2019 <\/span><span id=\"E293\" class=\"qowt-font3-Arial\">book. <\/span><span id=\"E295\" class=\"qowt-font3-Arial\">AGMs can be conducted through videoconferencing<\/span><\/p>\n<h4 id=\"E297\" class=\"qowt-stl-Default\"><strong><span id=\"E298\" class=\"qowt-font3-Arial\">What if I can&#8217;t attend the AGM?<\/span><\/strong><\/h4>\n<p id=\"E299\" class=\"qowt-stl-Default\"><span id=\"E300\" class=\"qowt-font3-Arial\">You have the right to appoint another person as a proxy.<\/span><\/p>\n<h4 id=\"E301\" class=\"qowt-stl-Default\"><strong><span id=\"E302\" class=\"qowt-font3-Arial\">What if I don&#8217;t want to hold the AGM?<\/span><\/strong><\/h4>\n<p id=\"E303\" class=\"qowt-stl-Default\"><span id=\"E304\" class=\"qowt-font3-Arial\">There are circumstances that <\/span><span id=\"E305\" class=\"qowt-font3-Arial\">exempt<\/span><span id=\"E306\" class=\"qowt-font3-Arial\"> a company from holding AGM:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li id=\"E307\" class=\"qowt-stl-Default\"><span id=\"E308\" class=\"qowt-font3-Arial\">Private companies can be exempted from holding AGMs if they send their financial statements to their members within five months after the financial year end<\/span><\/li>\n<li><span style=\"font-size: inherit;\">If members pass a resolution at a general meeting to dispense with the holding of annual general meetings<\/span><\/li>\n<li><span style=\"font-size: inherit;\">A dormant company is exempted from the requirement to hold AGMs<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p id=\"E314\" class=\"qowt-stl-Default\"><span id=\"E315\" class=\"qowt-font3-Arial\">Always refer to a company&#8217;s articles of association\/incorporation<\/span><span id=\"E316\" class=\"qowt-font3-Arial\">\u2014<\/span><span id=\"E317\" class=\"qowt-font3-Arial\">they can be used vary these rules.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33814\" src=\"https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/dimitry-anikin-PLfNZt9Xs9w-unsplash-1024x683.jpg\" alt=\"\" width=\"1024\" height=\"683\" srcset=\"https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/dimitry-anikin-PLfNZt9Xs9w-unsplash-1024x683.jpg 1024w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/dimitry-anikin-PLfNZt9Xs9w-unsplash-300x200.jpg 300w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/dimitry-anikin-PLfNZt9Xs9w-unsplash-768x512.jpg 768w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/dimitry-anikin-PLfNZt9Xs9w-unsplash-1536x1024.jpg 1536w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/dimitry-anikin-PLfNZt9Xs9w-unsplash-2048x1365.jpg 2048w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/dimitry-anikin-PLfNZt9Xs9w-unsplash-640x427.jpg 640w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/dimitry-anikin-PLfNZt9Xs9w-unsplash-1200x800.jpg 1200w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/dimitry-anikin-PLfNZt9Xs9w-unsplash-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 770px\" \/><\/p>\n<h3 id=\"E319\" class=\"qowt-stl-Default\"><span class=\"ez-toc-section\" id=\"United_Kingdom\"><\/span><span id=\"E320\" class=\"qowt-font3-Arial\">United Kingdom<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p id=\"E321\" class=\"qowt-stl-Default\"><span id=\"E322\" class=\"qowt-font3-Arial\">A private company incorporated in the United Kingdom is not required by law to hold an AGM each year, although it may choose to do so and its articles of association may contain provisions requiring the company to hold an AGM each year.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-33808\" src=\"https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/holger-link-jK9dT34TfuI-unsplash-1024x483.jpg\" alt=\"\" width=\"1024\" height=\"483\" srcset=\"https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/holger-link-jK9dT34TfuI-unsplash-1024x483.jpg 1024w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/holger-link-jK9dT34TfuI-unsplash-300x141.jpg 300w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/holger-link-jK9dT34TfuI-unsplash-768x362.jpg 768w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/holger-link-jK9dT34TfuI-unsplash-1536x724.jpg 1536w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/holger-link-jK9dT34TfuI-unsplash-2048x966.jpg 2048w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/holger-link-jK9dT34TfuI-unsplash-640x302.jpg 640w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/holger-link-jK9dT34TfuI-unsplash-1200x566.jpg 1200w, https:\/\/zegal.com\/wp-content\/uploads\/2020\/03\/holger-link-jK9dT34TfuI-unsplash-1920x905.jpg 1920w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 770px\" \/><\/p>\n<h3 id=\"E324\" class=\"qowt-stl-Default\"><span class=\"ez-toc-section\" id=\"Australia\"><\/span><span id=\"E325\" class=\"qowt-font3-Arial\">Australia<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p id=\"E326\" class=\"qowt-stl-Default\"><span id=\"E327\" class=\"qowt-font3-Arial\">A private company incorporated in the Australia is not required by law to hold an AGM each year, although it may choose to do so and its articles of association may contain <\/span><span style=\"font-size: inherit;\">provisions requiring the company to hold an AGM each year.<\/span><\/p>\n<\/div>\n<\/div>\n<div id=\"contentsContainer\">\n<div id=\"contents\">\n<h3 id=\"E329\" class=\"qowt-stl-Default\"><span class=\"ez-toc-section\" id=\"Cayman_Islands\"><\/span><span id=\"E330\" class=\"qowt-font3-Arial\">Cayman Islands<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p id=\"E331\" class=\"qowt-stl-Default\"><span id=\"E332\" class=\"qowt-font3-Arial\">Companies incorporated in the Cayman Islands are not required by law to hold an AGM each year, although it may choose to do so and its articles of association may contain provisions requiring the company to hold an AGM each year.<\/span><\/p>\n<h3 id=\"E334\" class=\"qowt-stl-Default\"><span class=\"ez-toc-section\" id=\"British_Virgin_Islands\"><\/span><span id=\"E335\" class=\"qowt-font3-Arial\">British Virgin Islands<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p id=\"E336\" class=\"qowt-stl-Default\"><span id=\"E337\" class=\"qowt-font3-Arial\">Companies incorporated in the British Virgin Islands are not required by law to hold an AGM each year, although it may choose to do so and its articles of association may contain provisions requiring the company to hold an AGM each year.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: center;\"><b><i>This article does not constitute legal advice.<\/i><\/b><\/p>\n<p class=\"p2\" style=\"text-align: center;\"><i>The opinions expressed in the column above represent the author\u2019s own.<\/i><\/p>\n<p class=\"p3\" style=\"text-align: center;\"><span class=\"s1\"><a href=\"https:\/\/register.zegal.com\/\"><b>Start managing your legal needs with Zegal today<\/b><\/a><\/span><\/p>\n<p><a href=\"https:\/\/zegal.com\/blog\/post\/the-coronavirus-working-from-home-in-hong-kong\/\">FURTHER READING: Working From Home During The CoronaVirus<\/a><\/p>\n<p><a href=\"https:\/\/zegal.com\/blog\/post\/asia-apps-work-remotely\/\">READ MORE: 6 Apps Helping You Work Remotely<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Here you&#8217;ll find a comprehensive overview of the rules on annual general meetings in the different jurisdictions of Hong Kong, Singapore, Australia, UK, Cayman Islands and British Virgin Islands.\u00a0 What is an annual general meeting? In many countries, an annual general meeting (\u201cAGM\u201d) is a statutory requirement for a company\u2019s directors and\/or shareholders to [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":33838,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","inline_featured_image":false,"footnotes":""},"categories":[14278],"tags":[10607,1812,10610,10609,30,47,9992,6919,10307],"usecases":[],"businesstypes":[],"country":[],"class_list":["post-33754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-management","tag-agm","tag-australia","tag-british-virgin-islands","tag-cayman-islands","tag-hong-kong","tag-singapore","tag-smes","tag-uk","tag-z-syndicate"],"acf":[],"yoast_head":"<!-- This site is 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