Annual General Meeting (AGM)
The Annual General Meeting (AGM) is the once-a-year shareholder meeting required of ASX-listed entities, where shareholders vote on board elections, remuneration, and major resolutions.
Definition
The Annual General Meeting (AGM) is the once-a-year shareholder meeting required of ASX-listed entities, where shareholders vote on board elections, remuneration, and major resolutions.
In detail
AGMs are required for ASX-listed entities under the Corporations Act 2001 and the ASX Listing Rules. They are the single most concentrated annual touchpoint between the board and the broader shareholder base.
The AGM communications spine includes the notice of meeting, chair's address, MD/CEO address, presentation deck, results disclosures (where AGM coincides with reporting), Q&A handling, voting results announcement, and post-AGM communications.
Proxy advisers (ISS, CGI Glass Lewis, Ownership Matters) review resolutions — particularly remuneration reports, board renewal, and capacity placements — and issue voting recommendations that materially influence outcomes. The AGM IR program engages proxy advisers ahead of the meeting.
Two consecutive 'strikes' against the remuneration report (25%+ vote against) trigger a board spill resolution under the two-strikes rule, making AGM communications a continuous obligation, not just an annual one.
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