Different types of AGM
Annual General Meetings of shareholders are mainly defined by their purpose and the issues included in their agenda.
- The Ordinary General Meeting (OGM) is held annually at the latest six months after the end of the financial year. Its purpose in particular is to rule on the approval of the accounts for the previous financial period, to decide on the distribution of dividends and on the appointment, or replacement, of the members of the administrative and audit bodies of the Group.
- The Extraordinary General Meeting (EGM) can be convened at any time and each time decisions must be made, with regard to a change in the articles of incorporation or an operation concerning the company’s share capital (increase, reduction, merger, etc.).
- A Combined General Meeting (CGM) is a combination of the two others (OGM and EGM) held on the same date, with the same notification.