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 AGM decided that the number of AGM-elected directors shall be nine (9).
It confirms their appointment as Branch delegate and provides a copy of the Conference Programme, a Credential Certificate (to be signed by the Branch Chairman and Secretary and brought to the AGM), a Voting Paper (to be completed and brought to the AGM) and a private and confidential copy of the forthcoming AGM Agenda.
Trojan's Reliant line of true deep-cycle AGM batteries feature elements that offer a new direction in AGM technology," said Gordon Beckley, senior vice president of engineering and quality assurance at Trojan Battery.
The decisions to postpone the AGM from September to November 20 and then to December 17 were ratified by the working committee through resolutions," he said.
This AGM will be a special one because the commercial airline industry is celebrating its 100th birthday.
At this year's AGM that was held in the middle of July in Paris to mark the centenary celebrations of the ITF, one of the most significant decisions was the amendment of the rules of tennis to permit the use of "player analysis technology" during play.
If the regional conventions were to move to a biennial schedule, a constitutional change would be required, with remits being presented to this year's AGM.
But in an official statement released yesterday, the association claim the club moved too quickly to side-step their obligation to hold AGMs.
The newly authorized Hawker AGM, NSN 6140-01-485-1472, is a sealed, maintenance-free battery that offers improved "deep-cycle" performance.
TELECOMWORLDWIRE-31 March 2006-Nokia AGM decides on dividend and repurchase of shares(C)1994-2006 M2 COMMUNICATIONS LTD http://www.
AGM announced delisting plan on September 30, 2005.
Hanley Advisors LLC has arranged an 8,000 s/f lease at the GM Building, 767 Fifth Avenue, on behalf of AGM Partners.