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FAQ's about the AGM...
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What is an AGM?
An AGM is an Annual General Meeting (annual means it happens once a year). An AGM is a business meeting for the members of the organization so that they can find out how well LIFE managed the business over the past year. Every single participant of In the Company of Friends and his/her support network is a member of LIFE automatically, at no charge. Other people in the community can become members if they are interested but they need to pay $5.00.
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Why do we have an AGM?
As an organization supported by the government and the community, it is a law that LIFE must have an AGM every single year. It is the time that everyone gets together and talks about all the things that the organization has done over the year and the way in which money was spent. An AGM is there to ensure that LIFE is accountable. Being accountable means LIFE is being responsible to the members and letting them know that they are doing the best work that they can.
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What happens at the AGM?
Three things happen each year.
First, the auditor (an accountant who has reviewed all the expenses and bank statements) presents a report to let the membership know that money is being handled correctly.
Second, the President of the Board and the Executive Director will provide a report which outlines the things that have happened over the year.
And lastly, there will be elections for the Board of Directors. The Board of Directors is a volunteer group of people who agree to meet regularly and make important decisions for LIFE.
This year, LIFE is holding its AGM at the Royal Oak Inn in Brandon on May 29th at 1:00 p.m. All are welcome!
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Here you can see some pictures of past AGMs...
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