Glossary
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- General Meeting »
- the Ordinary General Meeting (OGM) is held yearly to give shareholders information on the running of the company, as well as for the approval of the accounts of the past period, for deciding on the allocation of results, determining the dividend and authorizing share buyback programmes. Its role is also to proceed to the appointment or renewal of directors and statutory auditors. Decisions are made to the simple majority of shares present or represented. The Extraordinary General Meeting (EGM) is held when a change in the company’s by-laws is presented to shareholders, in particular an operation on the company’s capital such as a capital increase or reduction. An EGM is also necessary to authorize the attribution of stock-options to employees and chief executive officers. Decisions are made to a majority of two thirds of the shares present or represented. Lastly, the Joint General Meeting is when the OGM and EGM are held at the same date and announced on the same notice.
- General reserve for banking risks »
- this reserve is a part of the bank’s equity and its constitution is aimed at covering charges or risks linked to the banking business but whose realization is uncertain as yet.
- Goodwill »
- difference between the price paid when buying a company and that company’s revalued Net Book Value.
- Gross Operating Income »
- its amount is the NBI minus overhead charges.
- Guaranteed quotation »
- when a company buys a block of shares from a shareholder giving it control over a listed company, it is under the obligation to offer the same conditions of transaction to all the other shareholders of that company.








