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 time and venue of the 2013 Annual Shareholder Meeting are as follows:
The record date for determining those shareholders entitled to vote at the 2013 Annual Shareholder Meeting will be the close of business on March 18, 2013.
Shareholders as of October 6, 2009, the record date for the Annual Shareholder Meeting, have been mailed a "Notice of Internet Availability of Proxy Materials," starting on or about October 22, 2009.
Meantime, to obtain a required two-thirds majority vote to form a new bank holding company reorganization, Canyon's annual shareholder meeting has been adjourned to May 23, 2006 at 8:00 a.
The company will also have a live webcast of the 2005 Annual Shareholder Meeting scheduled for April 27 at 10:30 am CST.
Joyce will step down as directors following the company's annual shareholder meeting on May 2.
OTCBB:FLXT) today profiled the Board of Directors who were elected at Flexpoint's Annual Shareholder Meeting last week.
Cisco Systems (NASDAQ:CSCO) will host its 2005 Annual Shareholder Meeting webcast on Tuesday, November 15, beginning at 10:00 a.
Playback of the Annual Shareholder Meeting with synchronized slides will be also be available on the Cisco Systems website at: http://www.
AMEX:KAL)(FWB:CA4), a developer of new drug treatments in the fight against hematological cancers and other diseases and afflictions, recapped major corporate and clinical milestones for the year at its annual shareholder meeting yesterday in New York City.
We had a very positive and productive annual shareholder meeting.
The agenda for the annual shareholder meetings will include the election of nominees for Trustees of each fund.

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