annual general meeting

(redirected from Annual Shareholder Meeting)
Also found in: Dictionary, Legal.

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 ?
Global Banking News-April 27, 2017--Northeast Indiana Bancorp declares dividend, holds annual shareholder meeting
M2 EQUITYBITES-April 13, 2016-RLJ Lodging establishes date of 2016 annual shareholder meeting
M2 EQUITYBITES-January 28, 2016-Northeast Indiana Bancorp establishes date of 21st annual shareholder meeting and USD0.21 per share dividend for quarter
M2 EQUITYBITES-July 8, 2015-Clough Global Equity Fund establishes date of its annual shareholder meeting
A real estate investment trust, Acadia Realty Trust (NYSE:AKR) reported on Friday that its annual shareholder meeting will be held on 27 May 2015 at 13:00 EDT, as decided by its board of directors.
M2 EQUITYBITES-March 5, 2015-Alliance BioEnergy Plus announces board changes at annual shareholder meeting
Real estate investment trust RLJ Lodging Trust (NYSE:RLJ) disclosed on Wednesday that its annual shareholder meeting for 2015 will be held on 1 May 2015 at 11.30 Eastern Time.
M2 EQUITYBITES-January 29, 2015-Northeast Indiana Bancorp establishes date of twentieth annual shareholder meeting and announces dividend of USD0.20 per share for quarter
M2 EQUITYBITES-April 24, 2014-Northeast Indiana Bancorp declares dividend of USD0.195 per share and updates on annual shareholder meeting
US-based real estate investment trust, RLJ Lodging Trust (NYSE:RLJ) on Tuesday established 2 May 2014 at 11:30 ET as the date and time of its annual shareholder meeting, which will be held at Residence Inn Bethesda, Downtown 7335 Wisconsin Avenue, Bethesda, Maryland 20814.
M2 EQUITYBITES-February 15, 2013-Horsehead establishes date for annual shareholder meeting 2013(C)2013 M2 COMMUNICATIONS http://www.m2.com
Additionally, the board welcomed Thomas W Rhodes as a new director, also approved at the annual shareholder meeting on the same date.

Full browser ?