The main purpose of an AGM is for the directors to report on the performance of the company, for the members to question the directors about the company and their conduct of its affairs and for members to vote on resolutions that have to be put before the meeting.
As a general rule of thumb the routine business of an AGM is:
– To receive the report and accounts laid before the meeting (unless exempted from the requirement in the articles of association – private company only).
– To declare the final dividend.
– To elect the directors (although a vacancy on the board may be filled by the remaining directors until the next annual general meeting).