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 ?
Further, the annual shareholders' meeting resolved, in accordance with the nomination committee's proposal, that the number of members of the board of directors shall be eight without deputy members, and that the company shall have a registered public accounting firm as auditor.
The Annual Shareholders' Meeting also resolved to authorize the Board during the period until the next Annual Shareholders' Meeting to acquire 4,500,000 own B shares.
Schmuckle, Magnus Yngen, Harry Klagsbrun, Gun Nilsson and Erik Olsson were, in accordance with the nomination committee's proposal, re-elected for the period up to the end of the annual shareholders' meeting 2017.
As auditor for the next four-year period, the Annual Shareholders' Meeting appointed KPMG AB.
Also, the Annual Shareholders' Meeting approved a share capital increase by use of retained earnings for carrying out a so-called stock split of four for one.
At the Annual Shareholders' Meeting it was informed that the employee organisation "Civilingenjorsforbundet" and "Naturvetarna" at Biotage have appointed Lars-Gunnar Eriksson to employee Board representative, and that the employee organisation "Sif" at Biotage has appointed Maritha Lundin to alternate Board representative.
Tortoise North American Energy will host its annual shareholders' meeting on April 12, 2006, at 9:00 a.
The company will discuss year-end results at its annual shareholders' meeting on April 12, 2006, at 9 a.
OTCBB: FLXT) today announced that after their annual shareholders' meeting the company will demonstrate their Bend Sensor(R) technology and host a tour of their headquarters and manufacturing facility.
OTCBB:FLXT) today announced they will host their annual shareholders' meeting in Salt Lake City, Utah to vote on proposed matters, address the current state of the Company, and discuss future plans and opportunities.
Freedom Motors 2005 Annual Shareholders' meeting will be held immediately following the MI session.
Pioneer currently has two board members who will reach mandatory retirement age before the 2006 annual shareholders' meeting and is supplementing the board in advance of the retirements, keeping a balance of technical, legal and financial expertise.

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