annual general meeting

(redirected from Annual Shareholder Meetings)
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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 ?
PIMCO Income Strategy Fund (NYSE:PFL) and PIMCO Income Strategy Fund II (NYSE:PFN), two closed-ended fixed income mutual funds, said on Tuesday that their annual shareholder meetings for the 2011-2012 fiscal year will be held jointly on 31 July 2012.
Annual shareholder meetings are usually pretty cut and dried; carefully scripted and well-rehearsed performances that march through certain prescribed business such as election, or more often than not, reelection of the outside auditor.
After receiving over 100 calls from shareholders in the largest jusen, Nihon Jutaku Kinyu, it filed five resolutions at the company's annual shareholder meeting on June 26, 1996, calling on senior executives to disclose the truth and expressing opposition to the government bailout plan.

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