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 ?
Some branch chiefs have said they would resort to conducting AGMs and elections merely with just enough members to satisfy the quorum requirement.
OMT managing director Megan Boston said the virtual AGM held on Monday was unprecedented in Australia and the world, enabling stockholders from anywhere across the world to not only live stream the meeting but to also vote and ask questions in real time.
"The AGM is a big event for aviation in the Middle East, and particularly for the airlines based in the Gulf region," said IATA director general and chief executive Tony Tyler.
"The AGM will be a big event for aviation in the Middle East, and particularly for the airlines based in the Gulf region," said Tony Tyler, IATA's director general and CEO.
If members decide on a two-day nursing conference, then attendance could be open to a wider group than AGM delegates and run on a fee-paying basis.
It says, 'The directors amended the company Articles of Association at the earliest legal opportunity to avoid the need to call AGMs.
Deep discharging Hawker AGMs in cold environments can also shorten their life span because the current voltage regulator will undercharge them.
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