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 ?
Citi's annual stockholders' meeting typically falls on the third Tuesday in April.
Graham Corporation (AMEX: GHM), a global designer, manufacturer, and supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers for the oil refining, petrochemical and power generation industries, announced today that it will webcast the management presentation portion of its 2005 annual stockholders' meeting on Thursday, July 28, 2005 at approximately 11:00 a.
Approximately 91% of all issued and outstanding shares were represented at the Annual Stockholders' Meeting and each nominee described above received at least 93% of the votes cast to elect directors.
CINCINNATI -- Stockholders of Chemed Corporation (NYSE:CHE) today elected a slate of 13 directors at the company's 2005 annual stockholders' meeting.
The webcast of MDU Resources Chairman of the Board, President and Chief Executive Officer Martin White's presentation at the Annual Stockholders' Meeting is scheduled to begin at approximately 11:10 a.
Tortoise Energy Infrastructure Corporation (NYSE:TYG) hosted its first annual stockholders' meeting today, at 9:00 a.
Tortoise Energy announced that it will broadcast its first annual stockholders' meeting via conference call on Friday, April 15, 2005, at 9:00 a.
NYSE:RMA) voted to hold the fund's annual stockholders' meeting Friday, July 15, 2005, at 11:00 a.
NYSE:RMH) voted to hold the fund's annual stockholders' meeting Friday, July 15, 2005, at 11:00 a.
NYSE:RSF) voted to hold the fund's annual stockholders' meeting Friday, July 15, 2005, at 11:00 a.
Spherion(R) Corporation (NYSE:SFN) today announced that its annual stockholders' meeting will be held at 8:30 a.

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