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 ?
For the last couple of years, AGM Electrical Supplies has been one of the fastest-growing brands in the Australian Electrical Industry.
In addition, the AGM confirmed that the number of members of the board of directors is seven.
Prior to the AGM, the delegate should ask the Secretary to add to the meeting agenda a time for all Branch members to be asked to consider and put forward any proposals for correcting or improving the IOCP and/or the professional wellbeing of members.
The new battery line, claims the company is the industry's first true deep-cycle AGM battery.
Sundram, seeking to postpone the AGM till January 31, agreed to give extra time as the arguments were still going on.
The IATA AGM is the highest level event in the airline industry with many of the association's 240 member airlines chief executives in attendance, along with the top management of industry partners and key government stakeholders.
The IATA AGM is the highest level event in the airline industry with many of the association's 240 member airlines CEOs in attendance, along with the top management of industry partners and key government stakeholders.
Tele2 AB (Tele2), (NASDAQ OMX Stockholm Exchange: TEL2 A and TEL2 B) today announced that the company's Annual General Meeting (AGM) held today voted to support all of the resolutions that the Board of Directors and Nomination Committee proposed to the AGM.
If the meeting falls short of quorum, the next AGM will be held on Wednesday, April 30, 2014, at the same venue.
Dubai: One of the top officials from the International Tennis Federation (ITF) is hoping the UAE will cash in on the full potential of hosting the world governing body's Annual General Meeting (AGM) in Dubai in a year's time.
Should the NZNO one-day conference following its AGM be abandoned or transformed into a more prestigious two-day event, open to all members?
"Established in the 19th Century by the founding fathers of the club the AGM''s continued until the early part of the 21st Century."