annual general meeting


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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 annual general meeting approved the guidelines proposed by the board of directors for salary and other remuneration to the Company's President and senior executives, including a short-term incentive plan ("STI 2011") for the President and other senior executives of the Company.
Furthermore, the annual general meeting resolved, in accordance with the nomination committee's proposal, to re-elect Ernst & Young AB as auditor, with Jesper Nilsson as auditor in charge, for the period until the end of the next annual general meeting.
Also, the annual general meeting resolved, in accordance with the proposal of the board of directors, to not pay any dividend for the financial year 2015/16.
The Annual General Meeting approved the proposal by the Vienna Insurance Group Managing Board and Supervisory Board for a dividend of EUR 0.
The Annual General Meeting resolved to assign the Chairman of the Board with the task of contacting four shareholders from among the largest registered shareholders in terms of votes in VPC's printout of the shareholder register on August 29, 2008, who each appoint one representative who is not a director on the Company's board, to form together with the Chairman of the Board a nominating committee for the time until a new nominating committee has been appointed based on the mandate from the next Annual General Meeting.
Also, in accordance with the proposal of the board of directors, the Annual General Meeting decided to distribute a dividend of EUR0.
Further the Board resolved to exercise the Annual General Meetings authorization concerning transfer of shares on the following terms: on one or several occasions, but no longer than the Annual General Meeting in 2017, not more than 763,000 Series B shares in Skanska may be transferred, the aim of which is to cover mainly social security costs that may occur in relation to Skanskas Employee Ownership Program, Seop (2011 2013) and Seop (2014 2016).
Provided that the Annual General Meeting votes in favor of this proposal, dividends are expected to be sent from VPC AB on April 4, 2007.
According to the company, in accordance with a resolution taken at the Annual General Meeting of 31 March 2016, the representatives of the four largest shareholders by number of votes, who, together with the chairman of the company's board of directors, will constitute the nomination committee in preparation of the Annual General Meeting 2017.
According to the company, the Annual General Meeting resolved 21 April 2016 that the members of the nomination committee for the 2017 Annual General Meeting would be appointed on 31 July 2016 by the four largest shareholders/shareholder groups in the company in terms of voting rights, which want to be on the nomination committee.
The Annual General Meeting approved the actions of the Executive Board and the Supervisory Board for fiscal 2013 by a significant majority and approved all the resolutions except for one.
The Board of Directors find it essential and in all shareholders' interest that employees in the group have a long-term interest of a good value development of the share in the company and proposes the Annual General Meeting in view of this the SMP 2007 for employees.

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