annual general meeting

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Related to Annual Stockholder's Meeting: Annual general meeting

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 ?
The Board of Directors also set the date for the Annual Stockholder's Meeting to be held in Kansas City, Missouri, on May 2, 2002.
NYSE:CDN) announced today that its annual stockholder's meeting will be held on Thursday, July 1, 1999, at 10:00 a.
At a board meeting following the Annual Stockholder's Meeting, the directors appointed the following as Bangor Hydro's officers of the company to serve for the ensuing year:

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