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.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
The shareholders elected al such nominees as directors of the Company to hold office until the close of the next annual meeting of shareholders of the Company; however it is expected that the Company will appoint a permanent replacement for Mr.
A live audio webcast of the annual meeting of shareholders will be available in the investor relations section of the company's website -, the company said.
As part of the agreement, Xerox and Carl Icahn will withdraw their respective nominations of any other director candidates for election at the 2018 annual meeting of Shareholders.
The company also announced that its Chairman of the board, Phil Cox, will step down from his role as Chairman of the board prior to the 2019 annual meeting of shareholders. Cox informed the board that he does not intend to stand for re-election to the board at the 2019 annual meeting.
Chinese travel services provider Universal Travel Group (NYSE:UTA) yesterday announced the results of its annual meeting of shareholders which was held on 11 October 2010 in Shenzhen.
(NASDAQ:ARSD) today announced that the 2008 Annual Meeting of Shareholders will be held Thursday, July 10, 2008 at 10:00 a.m.
The Pepsi Bottling Group (PBG) has appointed Cynthia Trudell, PepsiCo's senior vice president for human resources, to the board of directors during its annual meeting of shareholders last week.
According to the company, Yakobson will retire as CEO by December 31, while continuing to serve as board chairman through his term set to expire at the annual meeting of shareholders in 2008.
Temple-Inland Inc., Austin, Texas, USA received notice from Carl Icahn that Icahn entities plan to nominate candidates for the Board of Directors at the Company's 2005 annual meeting of shareholders. These candidates would be in opposition to three current directors nominated for re-election to the Company's Board of Directors.
Homebuilder, Tarragon Corporation, announced that its shareholders voted to change the company's name to Tarragon Corporation from the former name, Tarragon Realty Investors Inc., at its Annual Meeting of Shareholders.
The annual meeting of shareholders in the Edinburgh-based privatised company yesterday approved the plan.

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