Meeting of the shareholders of a corporation, held at least annually, to elect members to the board of directors and hear reports on the business' financial situation as well as new policy initiatives from the corporation's management. In larger corporations, many shareholders vote via proxy.
Definition from Nolo’s Plain-English Law Dictionary
A meeting of all or most shareholders of a corporation to hear reports on the company's business situation. Shareholders usually elect members of the board of directors at an annual shareholders' meeting, often by proxies.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:24 pm