Although Wagoner opened the 2 1/2-hour meeting Tuesday with a speech touting progress the company has made in its turnaround plan and on advanced technology, several shareholders expressed dismay at the pace, saying GM was in a crisis and the board has not moved quickly enough to demand change.

“In my opinion, this company has turned around so many times we’re going in circles. And that circle is leading us right down the drain,” said shareholder James M. Dollinger.

He said the shareholder proposals did not stand a chance because the Detroit-based company is controlled by large banks, which make money off its debt offerings.

“That’s where all the money’s going. The banks have got to go,” Dollinger said.

In all, 10 shareholder-backed proposals were voted down, including a bylaws change proposed by the Community of the Sisters of St. Dominic of Caldwell, New Jersey, that the company set goals to reduce greenhouse gas emissions and improve fuel efficiency.

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