annual general meeting


Also found in: Dictionary, Medical, Financial, Acronyms, Wikipedia.
Related to annual general meeting: Extraordinary 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 Audit and Risk Committee confirms that its recommendation is free from influence by a third party and that no clause of the kind referred to in paragraph 6 of Article 16 of the EU Audit Regulation, which would restrict the choice by the Annual General Meeting as regards the appointment of the auditor, has been imposed upon it.
The term of office of the board members ends at the close of the next Annual General Meeting.
According to the company, for the 2018 Annual General Meeting, the election committee shall propose board members and a chairman of the board and fees to board members and auditors.
At the ordinary Annual General Meeting 2017 of Evotec AG, 64.21% of the voting capital was present.
As not all of the company's three largest shareholders or group of shareholders have wished to appoint such representative, the fourth largest shareholder/group of shareholder has been invited to appoint one representative and so on until the nomination committee now comprises of four members, in accordance with the resolution of the Annual General Meeting on 18 May 2017.
Furthermore, the Annual General Meeting approved the new remuneration system for the Board of Management and also passed the resolution on the reorganization of the system for remuneration for the Volkswagen Supervisory Board.
This nomination committee is charged with presenting proposals to the Annual General Meeting in 2018 regarding the composition of Duni's board of directors, amongst others.
The Annual General Meeting approved the dividend of SEK 3,00 per share proposed by the Board of Directors and the CEO.
According to the company, this nomination committee will prepare proposals for the Annual General Meeting regarding chairman of the Annual General Meeting, number of members to be elected, chairman of the Board and other members of the board, remuneration for each of the elected board members and members of the board's committees.
The Annual General Meeting of Shareholders resolved that for the members of the Board elected at the Annual General Meeting for the term ending at the close of the Annual General Meeting in 2018 remuneration level will be as follows: annual remuneration of EUR 40,000 for the Chairman and EUR 20,000 for the other members.
According to the company, this nomination committee will prepare proposals for the Annual General Meeting 2018 regarding election of chairman and other directors of the board, election of auditor, matters regarding fees, election of chairman of the Annual General Meeting and resolution concerning the nomination committee.
The Annual General Meeting of Saab AB will be held on Wednesday, 5 April 2017, in Stockholm.

Full browser ?