annual general meeting

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Related to Annual Shareholder's Meeting: Annual Stockholders Meeting

Annual General Meeting

The main meeting of the shareholders of a publicly-traded company that takes place each year. At the annual general meeting, the company may present its financial reports. Shareholders may ask questions of the board of directors and they may vote on matters pertaining to the company that only shareholders may decide. Publicly-traded companies are required to have an AGM and must inform shareholders of where and when it will occur in a timely manner. See also: Extraordinary General Meeting.

annual general meeting (AGM)

the yearly meeting of SHAREHOLDERS which JOINT-STOCK COMPANIES are required by law to convene, in order to allow shareholders to discuss their company's ANNUAL REPORT AND ACCOUNTS, elect directors and agree the DIVIDEND payouts suggested by directors. In practice, annual general meetings are usually poorly attended by shareholders and only rarely do directors fail to be re-elected on the strength of PROXY votes cast in favour of the directors.

Extraordinary or special general meetings may also be called by directors or shareholders to deal with major changes in, say, the firm's capital structure. See BOARD OF DIRECTORS.

annual general meeting (AGM)

the yearly meeting of SHAREHOLDERS that JOINT-STOCK COMPANIES are required by law to convene, in order to allow shareholders to discuss their company's ANNUAL REPORT AND ACCOUNTS, elect members of the BOARD OF DIRECTORS and agree the DIVIDEND payouts suggested by directors. In practice, annual general meetings are usually poorly attended by shareholders and only rarely do directors fail to be re-elected on the strength of PROXY votes cast in favour of the directors.

See CORPORATE GOVERNANCE.

References in periodicals archive ?
OTCBB:LCNB) LCNB's Annual Shareholder's Meeting was held at the Main banking office of Lebanon Citizens National Bank, 2 North Broadway, in Lebanon, Ohio on Tuesday, April 15, 2002.
The Board of Directors of EIS Fund (NYSE: EIS) today announced the preliminary results of the votes cast at the Annual Shareholder's Meeting for EIS Fund.
Assuming the preliminary results are confirmed, the current Board of EIS Fund stated that it will turn over control of the Fund to the newly elected Board at the Fund's Annual Shareholder's Meeting, at which time the certified results of the voting will be announced.
s (OTCBB:LCNB) Annual Shareholder's Meeting was held at the Main banking office of Lebanon Citizens National Bank, 2 North Broadway, in Lebanon, Ohio on Tuesday, April 17, 2001.
NASDAQ Small-cap: WIDFC)(BSE: WDE) announced yesterday at its annual shareholder's meeting that Joseph P.
Speaker technology takes center stage at annual shareholder's meeting
is pleased to announce the election of a new slate of directors at its most recent Annual Shareholder's Meeting.

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