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 board of trustees of Chesapeake Lodging Trust (NYSE:CHSP) has cancelled its 2019 annual shareholders' meeting scheduled for 19 June 2019, the company revealed on Wednesday.
(NASDAQ: FFIN) has said that it will hold its 2019 Annual Shareholders' Meeting on April 23, 2019, at 10:30 a.m.
Provider of biological solutions Novozymes A/S (CPH:NZYMB) reported on Wednesday that at its annual shareholders' meeting, held on 27 February 2019, the audited annual report for the fiscal year 2018 was approved; remuneration to the members of the board of directors was approved; re-election of Jorgen Buhl Rasmussen as chairman and Agnete Raaschou-Nielsen as vice chairman of the board of directors and re-election of board members Lars Green, Kasim Kutay, Kim Stratton and Mathias Uhlen was approved.
At the annual re-organization meetings of the Boards of Directors which followed the annual shareholders' meeting, Mr.
'Assembly process for the previous generations of [iPhones] have not changed much, though new features like waterproof and wireless charging now require some different testing, and waterproof function will alter the assembly process a bit,' Hwang told reporters after the company's annual shareholders' meeting held June 14.
Susi succeeds the company's outgoing board member Jim Hawkins, who stepped down on the date of the Annual Shareholders' Meeting.
The Annual Shareholders' Meeting of BASF SE elected the following shareholder representatives as members of the Supervisory Board:
AirTran Airways, a subsidiary of AirTran Holdings Inc (NYSE: AAI), has revealed that the date for its annual shareholders' meeting.
Chairman and CEO Gerard Arpey said at yesterday's annual shareholders' meeting. Citing rising fuel prices, employee medical costs and facility charges, he stated, "Just to keep costs flat with last year we would need more than $1 billion in savings".
The company also changed the annual shareholders' meeting date from July 12 to Aug.
At the company's annual shareholders' meeting in New York, the board unanimously elected C.
M2 EQUITYBITES-April 22, 2019--First Financial Bankshares to provide live webcast of annual shareholders' meeting

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