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 ?
To receive a free copy of the definitive proxy statement relating to the annual shareholder meeting after the proxy statement has been filed with the SEC, please call 1-800-225-1581.
Further details about the annual shareholder meetings and the recommendations of the Trustees will be included in a proxy statement filed with the Securities and Exchange Commission and mailed to fund shareholders in advance of the shareholder meetings.
The 2002 Guidelines include new proxy-voting policies aimed at supporting auditor independence, curbing executive compensation and requiring in-person annual shareholder meetings.

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