annual general meeting

(redirected from annual general meetings)
Also found in: Dictionary, Legal.
Related to annual general meetings: Notice of Meeting, Shareholders 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 that it be authorised to decide to acquire, on one or more occasions prior to the next Annual General Meeting, a maximum of as many shares as may be acquired without the Company's holding at any time exceeding 10 per cent of all shares in the Company for a maximum of SEK 1,250 million.
Previous undertakings not yet due: In April 2006, the Annual General Meeting approved an employee stock option programme for 2006.
Summary: These Principles differ from the principles governing remuneration to Group management officials adopted by the Annual General Meeting in April 2006 with regard to the criteria governing variable salary and for the allocation of employee stock options, and with regard to the ceiling for both of these remuneration components.
Any decision regarding the repurchase of the Company's shares and transfer of the Company's own shares and the issue of call options for the 2007 stock option programme shall be taken by the 2008 Annual General Meeting.
E[acute accent]The shareholders in OMX AB (publ) ("OMX") are hereby given notice to attend the Annual General Meeting to be held on Thursday, April 6, 2006, beginning at 17:00 CET at OMX's head office, Tullvaktsvagen 15 (Frihamnen) in Stockholm.
E[acute accent]Shareholders who wish to participate in the Annual General Meeting must be listed in the register of shareholders kept by VPC AB ("VPC"), not later than Friday, March 31, 2006, and inform OMX of their intention to attend, either by post to OMX AB, SE-105 78 Stockholm, Sweden, or by telephone +46-8-405 60 00, not later than Monday, April 3, 2006 at 16:00 CET.
Decision concerning number of Board members to be elected by Annual General Meeting.
The Annual General Meeting of Shareholders 2004 resolved to approve transfer of own shares in relation to the Long Term Incentive Plan 2004.
In light of the above, the Annual General Meeting of Shareholders resolved that Ericsson shall have the right to transfer, prior to the annual general meeting of shareholders in 2006, a maximum of 59,876,665 shares of series B, which as per 6 April 2005, remains of the original 61,900,000 shares for the purpose of covering certain payments, primarily social security charges that may occur in relation to the company's Global Stock Incentive Program 2001, the Stock Purchase Plan 2003 and the Long Term Incentive Plan 2004.
In accordance with the Nominating Committee's recommendation, the accounting firm KPMG Bohlins AB was elected as Skandia's auditor for the period extending through the 2007 Annual General Meeting.
The Annual General Meeting resolved that Skandia's Nominating Committee shall consist of the following members:
All have been appointed for terms lasting through the 2007 Annual General Meeting or until the delisting of Skandia's shares, if this takes place earlier.

Full browser ?