GENERAL MEETING Meaning and
Definition
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A general meeting, often referred to as a shareholder meeting or annual general meeting (AGM), is a formal gathering of the members or shareholders of a company or organization. It is a yearly event that brings together the stakeholders of the company to discuss and make decisions on important matters pertaining to its operations, financial status, and future direction.
During a general meeting, the company's management, including directors and executives, provide a comprehensive overview of the organization's performance, financial statements, and strategic plans. The meeting is often led by the chairman or another designated individual. Shareholders have the opportunity to raise questions, voice concerns, and participate in important decision-making processes, such as electing board members or approving shareholder proposals.
General meetings serve as a platform for transparent communication between the company's management and its shareholders, allowing for greater accountability and involvement from all parties. They ensure that shareholders remain informed and engaged in the affairs of the organization, safeguarding their rights and protecting their investments.
General meetings are typically held in compliance with legal requirements and prescribed timelines specified by the governing laws or regulations of the jurisdiction in which the company operates. Companies are obliged to notify their shareholders well in advance of the meeting, providing them with relevant documents and necessary information to actively participate in the gathering.
Common Misspellings for GENERAL MEETING
- feneral meeting
- veneral meeting
- beneral meeting
- heneral meeting
- yeneral meeting
- teneral meeting
- gwneral meeting
- gsneral meeting
- gdneral meeting
- grneral meeting
- g4neral meeting
- g3neral meeting
- geberal meeting
- gemeral meeting
- gejeral meeting
- geheral meeting
- genwral meeting
- gensral meeting
- gendral meeting
- genrral meeting
Etymology of GENERAL MEETING
The word "general" originates from the Latin word "generalis", which means "pertaining to a whole" or "common to all". It evolved from the Latin "genus", meaning "kind" or "type". In English, "general" has maintained its fundamental meaning of referring to something that encompasses or relates to the whole.
The term "meeting" comes from the Old English word "gemǣte", which means "assembly" or "gathering". It is derived from the verb "mǣtan", meaning "to meet" or "to come together". Over time, "meeting" has remained closely associated with the concept of gathering or coming together for a particular purpose.
Therefore, the etymology of "general meeting" suggests that it refers to an assembly or gathering that involves or encompasses a wide range of individuals or topics, pertaining to the whole or common interests of a group.
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