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 ?
M2 EQUITYBITES-April 24, 2019-European Equity Fund and New Germany Fund establish date of annual stockholders' meetings
The Central and Eastern Europe Fund Inc (NYSE:CEE) stated on Tuesday that its annual stockholders' meeting will be held at 11:00 Eastern time on 20 June 2019.
M2 EQUITYBITES-April 18, 2019-PennyMac Financial Services sets date of annual stockholders' meeting 2019
Global Banking News-April 18, 2019-PennyMac Financial Services sets date of annual stockholders' meeting 2019
SLM Corporation (Sallie Mae) (Nasdaq:SLM) on Tuesday reported that its 2019 annual stockholders' meeting will take place on 20 June 2019 at 11:00 EDT.
Global Banking News-March 26, 2019-Sallie Mae establishes date of annual stockholders' meeting
Omega Healthcare Investors Inc (NYSE:OHI) declared on Tuesday that its 2019 annual stockholders' meeting will be held on 7 June 2019, at 10:00 hours local time, at its corporate office at 303 International Circle, Suite 200, Hunt Valley, Maryland 21030,USA.
Granite Point Mortgage Trust Inc (NYSE:GPMT) disclosed on Friday that it will hold its 2019 annual stockholders' meeting virtually on 14 May 2019 at 10:00 Eastern Time.
M2 EQUITYBITES-March 1, 2019-First Industrial Realty sets date of annual stockholders' meeting
Global Banking News-March 1, 2019-First Industrial Realty sets date of annual stockholders' meeting
M2 EQUITYBITES-February 25, 2019-Invesco Mortgage establishes date of its 2019 annual stockholders' meeting
Global Banking News-February 25, 2019-Invesco Mortgage establishes date of its 2019 annual stockholders' meeting

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