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 ?
During yesterday's annual stockholders meeting, ALI officials expressed optimism on the property market fol lowing the company's strong performance in 2018.
Current directors Bernhard Bruscha, Paul Folino and Hoshi Printer were also elected at the annual stockholders meeting.
Effective from 2 May 2012, the appointments follow the company's annual stockholders meeting.
Deltic's board also set March 11 as its record date and April 24 as the meeting date for its 2003 annual stockholders meeting.
M2 EQUITYBITES-October 15, 2018--Capitol Federal Financial fixes annual stockholders meeting date
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