annual general meeting


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Related to annual general meeting: Extraordinary General Meeting

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 Annual General Meeting of Saab AB will be held on 10 April 2018, in Linkoping.
The company's Annual General Meeting will be held in Trelleborg, Sweden, on 25 April 2018.
In addition, the annual general meeting resolved, in accordance with the nomination committee's proposal, that the number of board members shall be four with no deputy board members and that the board shall be composed of Tony Gardner-Hillman (re-election), Andrew Wignall (re-election), John Chapman (re-election) and Damhnait Ni Chinneide (election), with Chapman re-elected as chairman of the board.
Also, the Annual General Meeting adopted the balance sheets and income statements and discharged the members of the board and the CEO from personal liability.
NORDIC BUSINESS REPORT-May 22, 2017-CLX Communications reports on resolutions at 2017 Annual General Meeting
ENPNewswire-July 31, 2019--New Zealand Energy Corp announces Results of 2019 Annual General Meeting of Shareholders

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