Annual General Meeting - AGM

No, this isn't a yearly get-together of high-ranking army guys, where they face off in very-well-strategized three-legged races. Rather, this is the yearly get-together of shareholders of a company. (The frequency of picnic games varies from company to company...)

Each year, companies are required to host an annual general meeting, giving shareholders a chance to hear from management. This gives owners (keep in mind that the shareholders are the owners of the company) an opportunity to get briefed on where business stands and to receive an update on the company's strategy going forward.

Usually, management and the board of directors will make a presentation detailing the company's annual report and take questions from shareholders. There might also be items for shareholders to vote on, such as membership on the board of directors or changes to company policy.