annual general meeting

(redirected from annual general meetings)
Also found in: Dictionary, Financial.
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 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).
Item 10: On 20th April 2006, the Annual General Meeting resolved that fees for the period up to the next Annual General Meeting shall be paid to the Board of Directors in the sums of SEK 875,000 and SEK 330,000, respectively, to the Chairman and to each of the other Members elected by the Meeting who are not employed by the Swedish Match Group.
Applying the above-mentioned principles with regard to Directors' fees, the Nominating Committee proposes that the Board of Directors in total, for the period from the resolution by the Extraordinary General Meeting up to and including the date when the next Annual General Meeting is held, shall receive the following fees: the Chairman shall receive a fee of SEK 575,000 and other Members of the Board elected by the Meeting shall each receive a fee of SEK 230,000.
After adjustment of the fees in the manner proposed above, the total remuneration payable to the Board of Directors during the period from the 2006 Annual General Meeting up to and including the 2007 Annual General Meeting is SEK 4,540,000.
E[acute accent]Attachment: Notice of OMX AB's Annual General Meeting 2006.
E[acute accent]Notice of 2006 Annual General Meeting of OMX AB
The Annual General Meeting of Shareholders 2001 in Ericsson resolved to approve transfer of own shares in relation to the introduction of a Global Stock Incentive Program.
The Annual General Meeting of Shareholders 2003 resolved to approve transfer of own shares in relation to the Stock Purchase Plan 2003.
In addition, the Annual General Meeting resolved to elect Jim Sutcliffe as Chairman of the Board.
The Annual General Meeting discharged the directors and president from liability for the 2005 financial year.
The annual general meeting of shareholders 2001 of Ericsson resolved to approve transfer of own shares in relation to the introduction of a Global Stock Incentive Program.
Therefore, the Board of Directors proposes the annual general meeting of shareholders to resolve that Ericsson shall have the right to transfer, prior to the annual general meeting of shareholders 2006, a maximum of 60,045,665 shares of series B, or the lower number of shares of series B, which as per 6 April 2005, remains of the original 61,900,000 shares for the purpose of covering certain payments, primarily social security charges that may occur in relation to the company's Global Stock Incentive Program 2001, the Stock Purchase Plan 2003 and the Long Term Incentive Plan 2004.

Full browser ?