annual general meeting

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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 ?
The appointments of the Supervisory Board members are valid until the end of the Annual Shareholders Meeting 2019.
A more active approach to pre-meeting activities, disclosure of annual shareholders meeting proceedings
A total of 142 respondents said that they published the results of their annual shareholders meeting in some form after the meeting, with 30% posting the shareholder vote results in English on their corporate websites.
Further the Annual Shareholders Meeting approved the following Board fees:
The Meeting resolved to authorize the Board during the period until the next Annual Shareholders Meeting to acquire not more than 4,500,000 own B shares.
The company also said three current directors have notified the board that they will not stand for reelection and will retire as directors before the annual shareholders meeting.
The Company anticipates that an announcement will be made on dividend policy at its annual shareholders meeting, to be held on May 25, 2005 in Boise.
In addition, the Company's Board determined that the Annual Shareholders Meeting of the Company will be held at 10:00 a.
Acadia's Board of Trustees has scheduled the Annual Shareholders Meeting for Wednesday, May 18, 2005 at 9:30 AM, local time, to be held at the offices of Paul, Hastings, Janofsky & Walker, LLP, Park Avenue Tower, 75 East 55th Street, New York, NY 10022.
The Company previously addressed this deficiency at a November 18, 2004 delisting hearing before the Nasdaq Listing Qualifications Panel (the "Panel"), at which it also addressed the issues of the failure to file the Form 10-K for the fiscal year 2004 (the "10-K") and the failure to hold an annual shareholders meeting for fiscal year 2003.
SBS Technologies(R) (Nasdaq:SBSE) today announced that the following persons were elected as directors at the annual shareholders meeting on November 18, 2004: Christopher J.
At the company's Annual Shareholders Meeting, all nominees for the Board of Directors standing for election were confirmed, and PricewaterhouseCoopers was reappointed independent auditors for 2004.

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