Section 237 of the Companies and Allied Matters Act 2020 requires that all companies hold a general meeting once a year except for single member companies. This meeting is known as an Annual General Meeting. A company which fails to do this commits an offence and is liable to penalty in such amount as the Corporate Affairs Commission shall specify in its Regulations.

This meeting is usually convened via notice which sets out the agenda which usually consists of ‘ordinary business’ and ‘special business’. It is accompanied by proxy forms allowing shareholders to nominate another person to attend the meeting and/ or vote in their stead.