annual general meeting


Also found in: Dictionary, Medical, Legal, Acronyms, Wikipedia.
Related to annual general meeting: Extraordinary General Meeting

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 ?
Annual Report and Form 20-F for the year ended December 31, 2014 Strategic Report for the year ended December 31, 2014 Notice of 2015 Annual General Meeting Notice of Availability of Shareholder Documents Proxy Form relating to the 2015 Annual General Meeting
The Board proposes to the Annual General Meeting a dividend of EUR 0.
The annual general meeting approved the guidelines proposed by the board of directors for salary and other remuneration to the Company's President and senior executives, including a short-term incentive plan ("STI 2011") for the President and other senior executives of the Company.
the re-election and appointment of Ka Keung Yeung as an independent director of the Company, effective from the closing of this Annual General Meeting, to serve for a three (3) year term ending at the 2015 Annual General Meeting or until his successor is duly elected and qualified, whichever is earlier.
Anders Boos, Hans-Erik Andersson, Alf Blomqvist, Hans Gieskes and Gunilla von Platen were re-elected and Rikard Steiber and Scott Raskin were newly elected as directors of the board for the period until the end of the annual general meeting held in 2013.
More than 800 shareholders took part in the Annual General Meeting.
Further information on the IISRP's 44th Annual General Meeting is available from the IISRP (713) 783-7511.
PWRDF, the official relief and development agency of the Anglican Church of Canada, was separately incorporated in May 2000 and is required to hold an annual general meeting within 18 months.
Hays plc Annual Report & Financial Statements for the year ended 30 June 2011 - Notice of 2011 Annual General Meeting and Circular to Shareholders - Proxy Form for the 2011 Annual General Meeting
STOCKHOLM, Sweden -- In accordance with a resolution taken at the Annual General Meeting of Saab AB on April 5, 2006, the names of the shareholder representatives are hereby announced who, together with the Chairman of the Board, will provide proposals to be submitted to the Annual General Meeting for a Board of Directors and auditors, the Chairman of the Board and of the Annual General Meeting and proposals for remuneration to the Board and fees to the auditors.
The board of Framlington AIM VCT PLC announces that the resolutions set out in the notice of Annual General Meeting dated 17 December 2010 were all passed at the Annual General Meeting held today, including the special resolutions set out in the notice of meeting authorising the Company to allot securities and to make market purchases of its ordinary shares.
STOCKHOLM, Sweden -- IndustrivEnrden's (STO:INDUA) (STO:INDUC) 2006 Annual General Meeting resolved to assign the Chairman of the Board to contact the four largest registered shareholders in terms of votes in VPC's printout of the shareholder register on August 31, 2006, who each appoint one representative who is not a director on the Company's board, to form together with the Chairman of the Board a nominating committee for the time until a new nominating committee has been appointed based on the mandate from the next year's Annual General Meeting.

Full browser ?