annual general meeting

(redirected from AGM)
Also found in: Dictionary, Medical, Legal, Acronyms, Wikipedia.

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 ?
Reliant AGM is also designed to power equipment used in locations where regulatory mandates require use of non-spillable batteries such as airports, healthcare facilities, shopping centers, educational institutions, etc.
Unlike on both previous occasions, when the BCCI had convened working committee meetings to pass resolutions to fix the next date of the AGM following postponements, the working committee hasn't been convened now to decide on the AGM date.
For a small fee, AGM Agenda also allows investors to also download ' Voting Tips ' , contentious item analysis reports that give insight and comment on contentious agenda items.
About 1,000 delegates and journalists are expected to attend the AGM over three days.
The program includes a CEO Forum on the first day of the AGM, featuring David Barger, CEO, JetBlue Airways; Ivan Chu, CEO, Cathay Pacific; Andreas Conesa Labastida, CEO, Aeromexico; and Willie Walsh, chief executive, International Airlines Group.
The Board resolved to include the election of members of Sistema's Board as an agenda item for the AGM.
Besides being on site during the course of the Davis Cup by BNP Paribas Asia/Oceania Zone encounters last week, Fecci will spend the next three days finalising the official hotel to host next year's AGM that is scheduled to be held from September 15-18.
As at the date of the AGM, the total number of issued Shares was 5,289,607,889, which was the total number of shares entitling the Shareholders to attend and vote for or against all the resolutions at the AGM.
They insist the five-year absence of AGMs is unfair because they were never consulted about their scrapping, and are eager to put the spotlight on Everton's progress with their search for an new stadium.
In view of the pending changes in the board and the requests for a general meeting to be convened, your board has decided to hold the AGM earlier this year in order to deal with ordinary AGM business and to deal with appointment of directors in order to avoid unnecessary costs and the inconvenience of holding a separate EGM.
There are two casual vacancies on CIMA council following the election of Harold Baird, council member in electoral constituency 8 (Northern Ireland), as vice-president at the June 2009 AGM, and the resignation of John Joyce, council member in electoral constituency 5 (North East England).