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.

单词	annual general meeting (AGM)
释义	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.
随便看	asset-liability matching asset-light debt asset management asset management account asset mix asset performance asset protection asset protection trust (APT) asset purchase asset quality rating asset rationalization asset recovery asset redeployment asset sale assets held for sale asset specificity asset stripping assets under management asset swap asset swapped convertible option transaction (ASCOT) asset-swap spread asset turnover ratio asset valuation asset valuation reserve asset value per share