annual general meeting

(redirected from AGMS)
Also found in: Dictionary, Financial, Acronyms.
Related to AGMS: AGSM

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.
Collins Dictionary of Law © W.J. Stewart, 2006
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.
"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.
Thursday Finals: Homestyle Interims: Alliance UniChem, Alterian (Q1), Amvescap, AstraZeneca, Bede, BT (Q1), Carphone Warehouse (Q1), CSR, GlaxoSmithKline, Legal & General, National Express, Northern Rock, Reed Elsevier, Rolls-Royce, Shire Pharmaceuticals, Trinity Mirror, Vedanta Resources (Q1) AGMs: Hard Assets
Thursday Interims: Kensington Group, Terrace Hill Finals: Ashtead Group, Samuel Heath AGMs: Robert Wiseman, Zi Medical Trading Statements: Diageo, Matalan Traffic Figures: easyJet Economics: May new construction orders, UK BoE interest rate decision, G8 summit at Gleneagles Friday AGMs: Liontrust Asset, Viridian EGMs: Dromana Estate Trading Statement: Peacock Economics: G8 summit at Gleneagles
JULY 24 Interims: Abbey National, Domino's Pizza, GlaxoSmithKline, Lorien, P&O Princess (Q2), Provident Financial, Prudential, St James Place; AGMs: Caffyns, Charles Stanley, Chloride Group, Forminster, Gourts, GUS, Helical Bar, Leggmason Inv Strat, Oxus Mining, Sainsbury; EGMs: JZ Equity Partners.
British Ports, WH Smith AGMs: Acquisitor, British Vita, Herald Investment Trust, Flomerics, Lavendon Group, Lonrho Africa, Nestor Healthcare, RLT Group, Tribune Trust, Wilson Bowden Thursday Finals: Intelligent Environments, Ockham, Silentnight Interims: DFS Furniture, Fibernet Group AGMs: Gibbs & Dandy, Green Property, Jardine Lloyd Thompson, Royal Blue Group, Schroders, Stadium Group, Tiger Resources EGMs: Capital & Regional Friday Interims: Spring Group (Q3) AGMs: Atlantic Global, Monsoon, Quadranet, Rok Property Holdings
Economics: UK May motor vehicle production, BoE June meeting minutes Thursday Interims: Bede (Q1), Crest Nicholson, Medisys, MyTravel, OMG Finals: Avesco, ComputerLand, Dyson, e2v technologies, JZ Equity Partners, Victoria AGMs: African Copper, Biocompatibles International, Keller EGMs: Dori Media Group, Faroe Petroleum Trading statement: Hanson