Skip to content
Voitto Knowledge Base

Annual general meeting

Last updated: 2021-06-21

The annual general meeting, also called ordinary general meeting, is something that all limited companies must hold every year. All shareholders are invited to the annual general meeting, and the annual general meeting is thus the highest decision-making body in a limited company.

Things to be reviewed at the annual general meeting include:

  • Determination of income statement and balance sheet
  • How the year’s profit or loss is to be allocated
  • Grant discharge of liability for the board and the managing director
  • Decide who will sit on the board for the coming year

The annual general meeting must take place within 6 months from the end of the financial year and it is the board that calls the annual general meeting. The notice must be given no earlier than 6 weeks and no later than 4 weeks before the annual general meeting is to be held.