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 ?
Patricia Dunn, chairman of the board of directors at HP, onstage addressing stockholders at the company's annual stockholder meeting in Los Angeles, California on Wednesday, March 15, 2006.
Jeff Johnson, Cano's Chairman and CEO, stated, "Our first Annual Stockholder Meeting culminates an exceptional first 18 months of our Company's history.
Sealed Air Corporation (NYSE:SEE) announced today that it will audiocast its Annual Stockholder Meeting live on Friday, May 20, 2005 at 10:00 a.
Borland Software Corporation (Nasdaq:BORL) today announced results from its annual stockholder meeting held on May 13, 2005 in Cupertino, California.
EMRISE CORPORATION (OTCBB:EMRI), a multi-national manufacturer of defense and aerospace electronic components and subsystems and communication equipment, today announced that it will hold its annual stockholder meeting on October 19, 2004, at 10 a.
Drexler Technology anticipates a final announcement regarding its new corporate name and stock symbol on October 1, 2004, following its annual stockholder meeting after the market closes.
Ambient Corporation (OTCBB:ABTG), a leader in Power Line Communications (PLC) technology, announced today that it held its 2004 annual stockholder meeting on Friday, June 4, 2004, as scheduled.

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