AGM webinar: How to get them right
You might not think you need an annual general meeting (AGM) but there are at least three compelling reasons why you should consider one. Jennifer Adams will explain in an upcoming webinar why you should bother having an AGM, what you should put in it and what the future holds for them.
AGMs are no longer compulsory for private limited companies, but they can deliver real business benefits allowing you to turn the event it into a platform for shaping and communicating your organisation's strategy.
While many businesses are struggling to keep their heads above the water at the moment, AGMs sound like a tiresome administrative chore, however they could force you to take stock, look at the accounts and think about where you’re going to be in a year’s time.
Use the AGM for a different reason - ask the directors a question, how they’re going, whether your shareholding is secure, and what’s happening at that particular time.
Jennifer explains: “It’s a time when the chairman produces accounts, which forces you to look at the accounts and provides an opportunity for you to ask questions.”
She points out that unless you sit down with your clients and go through the accounts, they invariably go straight in the bin. In the same way the AGM is an opportunity to say here’s where you were last year and this is what it says this year.
Most importantly, the AGM can be about changing your mindset: “An AGM can provide time for you to sit back and understand what has happened over the previous year and where you’re going to go in the future,” Jennifer explains.
In the upcoming webinar, which is being sponsored by Citrix, Jennifer will cite a recent case, Smith v Butler, which demonstrates just how dangerous it can be to not have an annual meeting, even when family members are involved.
“You assume that you don’t have to have meetings, but there are times when, and in this particular court case, Mr Smith and Mr Butler are being forced to come together and have a meeting to sort their problems out”
Register now for this free webinar - Thursday 23 February at 3pm.
If you’ve got any questions that you’d like to put to Jennifer in advance, please comment below.