Annual meeting
Definition
An annual meeting is a yearly gathering of a company's shareholders and board of directors to discuss the company's performance, elect board members, and address other important issues. It serves as a platform for shareholders to ask questions and vote on corporate matters.
5 Must Know Facts For Your Next Test
- Annual meetings are legally required for publicly traded companies.
- Shareholders receive a report on the company's financial performance during the annual meeting.
- Proxy voting allows shareholders who cannot attend to vote on issues via representatives.
- The agenda typically includes the election of directors, approval of executive compensation, and ratification of auditors.
- Regulations such as those from the SEC govern the conduct and disclosure requirements of these meetings.
Review Questions
- What are some key items usually discussed at an annual meeting?
- How can shareholders participate in voting if they cannot attend the annual meeting in person?
- Which regulatory body oversees the conduct and disclosure requirements of annual meetings for publicly traded companies?
"Annual meeting" appears in:
Related terms
Proxy Voting: A method that allows shareholders to vote on corporate matters without being physically present.
Board of Directors: A group of individuals elected by shareholders to oversee the management and governance of a company.
SEC (Securities and Exchange Commission): The U.S. federal agency responsible for regulating securities markets and protecting investors.
