Business Glossary

once-a-year meeting when the managers of a company report to stockholders on the year's results, and the board of directors stands for election for the next year. The chief executive officer usually comments on the outlook for the coming year and, with other senior officers, answers questions from shareholders. Stockholders can also request that resolutions on corporate policy be voted on by all those owning stock in the company. Stockholders unable to attend the annual meeting may vote for directors and pass on resolutions through the use of proxy material, which must legally be mailed to all shareholders of record.

once-a-year meeting when the managers of a company report to stockholders on the year's results and the board of directors stands for election for the next year. The chief executive officer usually comments on the outlook for the coming year and, with other senior officers, answers questions from shareholders.