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 resolved to adopt the guidelines for remuneration and other employment conditions to Group management.
The annual general meeting decided that the board of directors shall consist of seven directors, without any deputy directors.
The Annual General Meeting resolved to authorize the Board of Directors to, on one or more occasions, repurchase Series B shares in the company for the period up until the Annual General Meeting 2018.
3 million in the event of a doubled trading price of the Company's shares, as per the date of delivery of the Bonus Shares compared to the current trading price of the Company's shares as per the date of the notice convening the annual general meeting.
Finally, the annual general meeting resolved, in accordance with the board of directors' proposal, to reduce the share capital with SEK46,673.
Also, the annual general meeting resolved, in accordance with the proposal of the board of directors, to not pay any dividend for the financial year 2015/16.
The Annual General Meeting approved the proposal by the Vienna Insurance Group Managing Board and Supervisory Board for a dividend of EUR 0.
The Annual General Meeting set the dividend at SEK 5.
Aktia Bank Oyj (HEL:AKTAV) reported on Wednesday that the Annual General Meeting 2917 adopted the financial statements of the parent company and the consolidated financial statements and discharged the members of the board of supervisors, the members of the board of directors, the managing director and his alternate from liability.
The Board resolved also to exercise the Annual General Meetings authorization concerning the repurchase of shares on the following terms: on one or several occasions, but no later than the Annual General Meeting in 2017, not more than 1,500,000 Series B shares in Skanska may be acquired, the aim of which is to secure delivery of shares to participants in Skanskas Employee Ownership Program, Seop (2017 2019).
Persons who on March 21, 2007, are registered as shareholders in the shareholder register maintained by VPC AB and who have notified the Company of their intention to attend the Annual General Meeting not later than 3 p.
NORDIC BUSINESS REPORT-September 19, 2016-JM announces members of nomination committee for the 2017 Annual General Meeting

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