Definition of Ordinary general meeting

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TeachMeFinance.com - explain Ordinary general meeting




historic definition...

Ordinary general meeting -- English term for a meeting of the shareholders (stockholders) of a company at which the directors propose a dividend, which cannot be paid without the approval of the shareholders ; also at this meeting the directors present for adoption their report and accounts, which must have been issued to shareholders beforehand ; also at this meeting the places of directors, who retire by rotation are filled, and the auditors, who retire as a matter of course, are reelected or replaced.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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