Er, What is an AGM?
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Er, What is an AGM?
Where do you see this?
Mainly in company announcements and news articles. You may also have received an invitation to attend an AGM if you hold shares in a company.
What does it mean?
AGM stands for annual general meeting, a yearly gathering of a company's directors and shareholders.
All Singapore-incorporated firms must hold an AGM every calendar year, and not more than 15 months apart. Singapore-listed companies have the additional requirement of holding their AGM within four months of their financial year end.
Why is it important?
Directors of a company must be present its accounts to shareholders at the AGM. Shareholders can then ask questions about the company's performance and vote on resolutions, which are usually administrative issues.
For most shareholders, this is the only chance they get to meet the company's board and management. It does not hurt that many large companies provide a sumptuous lunch spread after the AGM.
So you want to use the phrase. Just say...
"This year, many companies are holding their AGMs on the same day, so I will attend only the one that provides the best lunch."
invest, The Sunday Times, October 6, 2013, Pg 45
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Very close to ASGM.
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AGM is where hungry ghosts go to, to pack the foods into containers after the meeting, in a legitimate manner.