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Home COFSAB Forum Governance and Management AGM – Who can request an AGM? Reply To: AGM – Who can request an AGM?

  • Dana Bouwman

    February 27, 2023 at 10:01 am

    Interesting question. It is the board who decides when to hold the next AGM. However, an owners resolution will always trump a board resolution. In theory, you can have an owners resolution to “hold the 2024 AGM within five months of the 2024 fiscal year end.” Keep in mind that an owners resolution is conducted at a general meeting where quorum is present, or in writing with more than 50% of the owners signing the resolution – unless your bylaws have additional requirements for an owners resolution.

    But I don’t know all the details on why your board does not want to hold the AGM in April or May. In Alberta we are limited by receiving the financial statements before we can have the AGM, as providing the financial statements in the AGM package is required by legislation. There might be another reason that is holding the board back from holding the AGM earlier in the year. It would be good to ask the board at the next general meeting why they have changed their process. It might be good for you to consider joining the board if you disagree with how your corporation is operated.

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