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 company said that its nominees will stand for election to the board of directors at its 2014 annual meeting of stockholders.
Macadam, who has served as a director since 2009, will continue in the same role until the company's 2014 annual meeting of stockholders.
Hutchinson was elected as a Class III Director of the Fund to hold office until the annual meeting of stockholders in the year 2009 or thereafter when a respective successor is duly elected and qualified.
by holders of the Fund's preferred stock to hold office until the annual meeting of stockholders in the year 2010 or thereafter when a respective successor is duly elected and qualified.
iMergent, Inc, will hold its Annual Meeting of Stockholders on November 15, 2006 at the company's headquarters at 745 East Technology Avenue in Orem, Utah.
by holders of the Fund's common and preferred stock to hold office until the annual meeting of stockholders in the year 2009, or thereafter when a respective successor is duly elected and qualified.
Lynch as Class III Directors with terms to expire at the Company's 2007 annual meeting of stockholders.
which is traded on the New York Stock Exchange under the symbol "MHY," announced today the results of the votes cast at the Fund's annual meeting of stockholders held on July 26, 2006.
by holders of the Fund's preferred stock to hold office until the annual meeting of stockholders in the year 2007 or thereafter when respective successors are duly elected and qualified.
OTCBB:NNAN) (FWB:N3N), a company whose primary business is refining, processing, and marketing naturally occurring nanomaterials, today announced the voting results of its Annual Meeting of Stockholders held July 19, 2006 in Rochester, NY.
Michael Lawrie -- to the Board of Directors of Acxiom Corporation at Acxiom's 2006 Annual Meeting of Stockholders.
At the Annual Meeting of Stockholders of RMK Advantage Income Fund, Inc.

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