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Non-profit boards and management often consider the Annual General Meeting (AGM) a burden they would take pleasure in omitting from the agency’s calendar. However, there are many good reasons not only for holding an AGM, but also for taking the time and energy to do it well.

Compliance With Legislation and By-Laws

In many jurisdictions, it is mandatory for an incorporated, non-profit organization to hold an AGM. Also, there is usually reference to an AGM in the by-laws of the non-profit.

If there is relevant legislation for an AGM, it usually includes details on what must be presented at the meeting. For example, the board shall distribute the annual report and audited financial statements and the board for the coming year shall be confirmed or elected, depending on vacancies.

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