TeachMeFinance.com - explain Ordinary general meeting
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.
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