If I understand correctly, the "annual meeting" is something
corporations do to keep shareholders up to date on how the 'business' is
Yeah, there is a "business meeting" that the public is never invited to, wherein the directors or board members or whatever of the various WT corporations do their [whatever] behind closed doors.
Traditionally, the WTS has always had a "business" annual meeting and a "general" annual meeting on or around the same few days in early October. I think, if memory serves, they typically had the "business" meeting on a Saturday morning and then the "general" meeting on that same Saturday afternoon.
The general meeting, in years past, was where they floated their "new light" trial balloons. It used to be attended by a few thousand of the ultra-elite, and of course (pre-internet) never recorded.
You knew you had "made it" in WT-world if you ever got a ticket to the Annual General Meeting.
Now it has evolved (ha!) into a dog-n-pony show for the GB and their
sycophantic ass-kissers helpers to stoke their egos by parading about in front of the cameras and bloviating about whatever pseudo-thought makes the arduous journey from their addled minds to their mouths.