Every quoted UK domiciled company holds a meeting each year – the Annual General Meeting or AGM – where shareholders get to vote on matters important for the company. The agenda usually includes approving the Annual Report and Accounts, approving the remuneration policy and the Directors’ remuneration report, reappointing the auditor and approving their fee, approving the dividend and re-electing some or all of the directors. For an investment company in particular, the Annual General Meeting also includes approval of the terms for share buy-backs and share issuance.
Shareholders are welcome to go to the Annual General Meeting (we have details of upcoming AGMs in our Events section) and, for many, it is the best chance they get to actually meet the company’s management and ask them questions.