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 ?
RLJ Lodging Trust (the "Company") (NYSE: RLJ) today announced that it will host its Annual Shareholder Meeting.
This meeting is the annual shareholder meeting as prescribed in the bylaws of the company and is to be held each year for the purpose of electing officers and directors for the coming year.
This is the Company's first Annual Shareholder Meeting since September 5, 2007 as the Company did not hold an Annual Shareholder Meeting in 2008 due to a number of extraordinary events that occurred throughout the 2008 calendar year.
In connection with the changes announced today, the Board amended various provisions of the Company's By-Laws to immediately separate the positions of President and Chief Executive Officer and to establish a corporate officer to hold the title of Chairman of the Board following the Company's annual shareholder meeting in 2008.
BOSTON -- Putnam Investments announced today that the Trustees of the Putnam Funds have voted to recommend that shareholders of each of Putnam High Income Securities Fund (NYSE: PCF), Putnam Master Intermediate Income Trust (NYSE: PIM) and Putnam Premier Income Trust (NYSE: PPT) vote, at the funds' upcoming annual shareholder meetings, against converting the funds to open-end investment companies.
The Company has declared the day of the Annual Shareholder Meeting to be "Shareholder Appreciation Day.
Nasdaq:LCAV), a leading provider of laser vision correction services under the LasikPlus brand, conducted its 2006 Annual Shareholder Meeting today.
The agenda for the annual shareholder meeting will include the election of nominees for Trustees of the Fund and consideration of a shareholder proposal requesting that the Trustees take steps to convert the Fund into an open-end investment company or otherwise enable Fund shareholders to realize the net asset value of their shares.
OTC BB:INLM), a worldwide leader in business-to-business barter services, today announced that its annual shareholder meeting will be June 21 at Milwaukee's fabulous lakefront Art Museum.
Re-elected at the bank's annual shareholder meeting this week were Chairman, Michael D.
PEPSIAMERICAS TO WEBCAST FIRST QUARTER 2006 EARNINGS CALL AND 2005 ANNUAL SHAREHOLDER MEETING
The election will be held at the company's annual shareholder meeting on May 2, 2006.

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