annual general meeting

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annual general meeting (AGM)

a compulsory general meeting of a company required under the Companies Acts; this is in addition to any other meetings in that year. The annual general meeting must be designated as such in the notices calling it. It is at the annual general meeting that dividends are decided. The company's accounts are considered and the directors' and auditor's reports are put before the shareholders. It is the occasion when directors are appointed in place of those retiring and where their remuneration and conditions are fixed. The annual general meeting is an important safeguard for shareholders since it is the one occasion when they can be sure of having an opportunity to question directors on the accounts, on their report and on the company's condition and prospects.
References in periodicals archive ?
At its annual stockholders meeting today, Louisiana-Pacific Corporation (LP) (NYSE:LPX), stockholders re-elected Class III Directors Archie W.
Under the terms of the agreement, the trial and all remaining proceedings in the litigation will be postponed pending a stockholder vote on a rights plan to be held at News Corporation's annual stockholders meeting in October 2006.
NEW YORK -- Amerada Hess Corporation (NYSE:AHC) announced that in its preliminary proxy statement filed today with the Securities and Exchange Commission in connection with its May 3, 2006 annual stockholders meeting, it will request shareholder approval to change its name to Hess Corporation and increase the number of shares of common stock which the company has authority to issue from 200 million currently to 600 million.
Moody did not stand for re-election at today's Annual Stockholders Meeting.

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