Examples of AGMs
Most companies, whether they are publicly listed or private, must hold an AGM. This is primarily for transparency, but also for shareholders and other interested parties to have a say on company decisions.
The location and format of a company’s AGM is entirely at the company’s discretion, and depends on the resources at its disposal. For example, the AGM of Warren Buffet’s company, Berkshire Hathaway, is colloquially known as ‘Woodstock for Capitalists’. It is held in Omaha, Nebraska – where Berkshire’s headquarters are – and has seen over 10,000 attendants descending on the American city annually.
The AGMs of large companies are often impressive affairs; with large spreads for food and entertainment. In contrast, smaller companies may simply hold their AGMs in their lawyer’s offices. Regardless of how lavish the event is, AGMs can often be quite monotonous due to the large volume of legal and administrative updates to get through.