Annual Meeting

Annual Meeting - An annual meeting is a gathering of the owners and shareholders, usually held at the fiscal year end, where the past years activities and profits are discussed, and the future movement of the company is decided upon. This is also the time when directors in the company are elected by the shareholders. Annual meetings are preceded, by supplying year-end statements, and proxy statements, to each shareholder. A proxy statement allows the shareholder to vote on all initiatives and the board, even if he is unable to attend the annual meeting. This way the shareholder still has his say in how the company operates and performs.