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 ?
This Annual Meeting of Shareholders has been set for 19 April 2012, at 10;00.
The Group also has the exclusive right to slate two additional directors for election at the Company's 2007 Annual Meeting of Shareholders.
Geary as ResCare's president and chief executive officer following the 2006 annual meeting of shareholders, said, "It's an honor to become chief executive officer of ResCare.
Kapoor, PhD as non-executive Chairman of the Board, to serve until the Company's 2007 Annual Meeting of Shareholders.
Additional details regarding the Rights Plan are provided in the Management Information Circular that will be available for viewing on SEDAR and mailed to the shareholders of the Company prior to the Company's upcoming annual meeting of shareholders.
A live webcast of the Annual Meeting of Shareholders will be available on IHOP's Web site at www.
AMEX:SZI) announced today that it has filed a Definitive Proxy Statement with the Securities and Exchange Commission regarding an Annual Meeting of Shareholders for the purpose of amending its Articles of Incorporation to change the company name to Express-1 Expedited Solutions, Inc.
NEW YORK -- Ameritrans Capital Corporation (NASDAQ: AMTC, AMTCP) today hosted its annual meeting of shareholders.
NASDAQ:CELL) announced today the details of its upcoming webcast and conference call for the company's 2006 Annual Meeting of Shareholders.
Engelhard also plans to file with the SEC and mail to its shareholders a definitive Proxy Statement on Form 14A relating to the 2006 annual meeting of shareholders and the election of directors (the "2006 Proxy Statement") and other important information.
Rogers Corporation (NYSE:ROG) today held its annual meeting of shareholders in Hartford, Connecticut.

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