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What is the primary purpose of an annual general meeting for a company?
  • a)
    To elect a new Board of Directors
  • b)
    To announce the company's bankruptcy
  • c)
    To approve the company's financial statements
  • d)
    To discuss mergers and acquisitions
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the primary purpose of an annual general meeting for a company...
The primary purpose of an annual general meeting is to present and approve the company's financial statements, including the Balance Sheet and Profit and Loss Account. Shareholders also have the opportunity to ask questions about the accounts and make decisions regarding dividends and director appointments.
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What is the primary purpose of an annual general meeting for a company?a)To elect a new Board of Directorsb)To announce the company's bankruptcyc)To approve the company's financial statementsd)To discuss mergers and acquisitionsCorrect answer is option 'C'. Can you explain this answer?
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