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 webcast of White and Hildestad's presentations at MDU Resources' Annual Stockholders Meeting is scheduled for Tuesday, April 25, 2006, beginning at approximately 12:10 p.
NEW YORK -- Amerada Hess Corporation (NYSE:AHC) announced that in its preliminary proxy statement filed today with the Securities and Exchange Commission in connection with its May 3, 2006 annual stockholders meeting, it will request shareholder approval to change its name to Hess Corporation and increase the number of shares of common stock which the company has authority to issue from 200 million currently to 600 million.
Moody did not stand for re-election at today's Annual Stockholders Meeting.
Gozon, 67, as Chairman of the Board of Directors, effective at the February 9, 2006 Annual Stockholders Meeting and contingent on his reelection as a director at the meeting.
AMEX: WBR) (the "Company") announced that its stockholders have adopted the Agreement and Plan of Merger, dated as of June 14, 2005, among Wyndham and affiliates of The Blackstone Group at its annual stockholders meeting today.
AMEX:OTV), a leading online and offline provider of travel and leisure services, announced today that its stockholders have voted in favor of all proposals presented for vote at its annual stockholders meeting.
On April 28, 2005, the Company filed the official Notice of Meeting and Definitive Proxy Statement for the Annual Stockholders Meeting with the SEC.

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