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 Board of Directors proposes to the Annual General Meeting that the Board of Directors be authorized to decide on the issuance of shares as well as on the issuance of option rights and other special rights entitling to shares referred to in chapter 10 section 1 of the Companies Act in one or more tranches as follows:
The Annual General Meeting resolved to implement a long term incentive program for senior executives and key employees within the ASSA ABLOY Group (LTI 2017), in accordance with the proposal of the Board of Directors earlier published.
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.
The Annual General Meeting approved the proposal by the Vienna Insurance Group Managing Board and Supervisory Board for a dividend of EUR 0.60 per share.
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.
The annual general meeting approved the annual report, the annual financial statements, the consolidated 2015 financial statements and the distribution of a gross dividend of CHF 3.5 per nominal share.
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.
The Supervisory Board and the Board of Management wish to emphasize that the proposed resolution is subject to the proviso that, up to the Annual General Meeting on June 22, 2016, no new information comes to light from the ongoing investigation that would make it appropriate to adopt a different assessment.
NORDIC BUSINESS REPORT-May 22, 2017-CLX Communications reports on resolutions at 2017 Annual General Meeting
At the Annual General Meeting of Linde AG held today, Professor Wolfgang Reitzle was elected to the Supervisory Board as a shareholder representative.
ENPNewswire-July 31, 2019--New Zealand Energy Corp announces Results of 2019 Annual General Meeting of Shareholders

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