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 ?
Kronos Worldwide also announced that its stockholders had re-elected each of its seven directors for terms of one year at the annual stockholder meeting held today.
Under the terms of the Settlement Agreement, The Sharper Image Board will be increased from seven to nine members at the 2006 annual stockholder meeting.
Rambus' annual stockholder meeting will also be webcast starting at 10:15 a.
Mark Hurd, CEO and president of HP, addressing stockholders at the company's annual stockholder meeting in Los Angeles, California on Wednesday, March 15, 2006.
Jeff Johnson, Cano's Chairman and CEO, stated, "Our first Annual Stockholder Meeting culminates an exceptional first 18 months of our Company's history.
Borland Software Corporation (Nasdaq:BORL) today announced results from its annual stockholder meeting held on May 13, 2005 in Cupertino, California.
EMRISE CORPORATION (OTCBB:EMRI), a multi-national manufacturer of defense and aerospace electronic components and subsystems and communication equipment, today announced that it will hold its annual stockholder meeting on October 19, 2004, at 10 a.
Drexler Technology anticipates a final announcement regarding its new corporate name and stock symbol on October 1, 2004, following its annual stockholder meeting after the market closes.
Ambient Corporation (OTCBB:ABTG), a leader in Power Line Communications (PLC) technology, announced today that it held its 2004 annual stockholder meeting on Friday, June 4, 2004, as scheduled.
NYSE:CZR) annual stockholder meeting at Caesars Palace can be accessed through the Investor Relations section of the company's web site at www.
TTR Technologies (OTC BB: TTRE, Berlin Stock Exchange: TEJ), a systems provider in Fiber-to-the-Premises access solutions, announced today that it has held its 2004 annual stockholder meeting on Tuesday, May 25, 2004, as scheduled.
Borland Software Corporation (Nasdaq NM:BORL) today announced results from its annual stockholder meeting held on May 14, 2004 in Scotts Valley, California.

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