annual general meeting

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Related to annual general meetings: Notice of Meeting, Shareholders 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 ?
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 2019, not more than 700,000 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 (2014-2016) Seop 3.
Crop company Syngenta (NYSE:SYT) said on Thursday that it has completed the repurchase of up to 10% of its outstanding shares that was authorised at its Annual General Meeting held on 22 April 2008.
The Board resolved also to exercise the Annual General Meetings authorization concerning the repurchase of shares on the following terms: on one or several occasions, but no later than the Annual General Meeting in 2017, not more than 1,500,000 Series B shares in Skanska may be acquired, the aim of which is to secure delivery of shares to participants in Skanskas Employee Ownership Program, Seop (2017 2019).

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