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 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.
At the regular board of directors meeting following the annual shareholders meeting, 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.
The following resolutions were made at Skanska AB s Annual Shareholders Meeting held in Stockholm today, inter alia:
IT) (NYSE: ITX) today announced that, following the June 2 meeting of its board of directors, its nominees for election as directors at the Annual Shareholders Meeting, scheduled for Sept.
Nearly 20% of Japanese Firms Surveyed Publish Annual Shareholders Meeting Vote Results on Their Corporate Websites
Annual Shareholders Meeting, polls will remain open until 5 p.
STOCKHOLM, Sweden -- The board of directors has, in accordance with an authorization from the annual shareholders meeting held on April 27, 2006, adopted a global stock option program for employees within the Biotage group (STO:BIOTA) - Biotage AB Global Share Option Plan 2006.
AMEX: LFA) today announced that its annual shareholders meeting, originally scheduled for Oct.
Nasdaq: NSTR), a developer of innovative medical devices for the treatment of neurological diseases and disorders, today announced that it will hold its 2007 Annual Shareholders Meeting on June 13, 2007 in Seattle, Washington at a location to be announced at a later date.

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