annual general meeting (AGM)
Definition
Gathering of the directors and stockholders (shareholders) of every incorporated firm, required by law to be held each calendar year. Generally, not more than 15 months are allowed to elapse between two AGMs, and a 21-day's written notice of its date is required to be given to the stockholders. The main purpose of an AGM is to comply with legal requirements, such as the presentation and approval of the audited accounts, election of directors, and appointment of auditors for the new accounting term. Other items that may also be discussed include compensation of officers, confirmation of proposed dividend, and issues raised by the stockholders. Called annual meeting in the US.
annual general meeting (AGM) is in the Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.
annual general meeting (AGM) appears in the definitions of the following terms:
elective resolution,
board of directors,
share,
interim dividend,
extraordinary general meeting,
statutory meeting,
minutes,
voting stock,
meeting,
annual meeting
and
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