Get ready president
Get ready president
Completion requirements
4. Running meetings effectively
4.8. AGM
The Annual General Meeting (AGM) should be held within 6 months of the end of the financial year (ie. by 31st December). Ensure you have a quorum - check your By-Laws.
The AGM agenda should include:
- The adoption of Minutes of the previous AGM
- The election of Officers
- Approval of audited accounts from the previous year:
- For Clubs that generate an income of more than $250,000 per year this is mandatory
- For Clubs who generate less than $250,000 per year the financial records can be reviewed by two club members who have a background in finance, however, many clubs still choose to undertake an external audit as accepted best practice
- Lodge an annual statement by the Public Officer with the Department of Fair Trading within one month after AGM
- Time period to notify members of the AGM is 21 days.
At the AGM your Board for the following year should be elected:
- All positions on your Board. The president's position must change yearly except in exceptional circumstances then the president may continue for a period of 18 months.
- Members nominate candidates for President, Vice President, Secretary, Treasurer, and any open Director positions. The nominations may be presented by a nominating committee, by members from the floor, or both.
- A nominated person from the Club can be the returning officer if there is more than one nomination. Usually the returning office is the Club secretary.
- Communication of the results is via circulation of the minutes from the meeting and Club Bulletin.