Extraordinary general meeting - Wikipedia

An extraordinary general meeting, commonly abbreviated as EGM, is a meeting of members of an organisation, shareholders of a company, or employees of an ... Extraordinarygeneralmeeting FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch Thisarticleneedsadditionalcitationsforverification.Pleasehelpimprovethisarticlebyaddingcitationstoreliablesources.Unsourcedmaterialmaybechallengedandremoved.Findsources: "Extraordinarygeneralmeeting" – news ·newspapers ·books ·scholar ·JSTOR(January2009)(Learnhowandwhentoremovethistemplatemessage) TheexamplesandperspectiveinthisarticledealprimarilywiththeUnitedKingdomanddonotrepresentaworldwideviewofthesubject.Youmayimprovethisarticle,discusstheissueonthetalkpage,orcreateanewarticle,asappropriate.(June2011)(Learnhowandwhentoremovethistemplatemessage) Anextraordinarygeneralmeeting,commonlyabbreviatedasEGM,isameetingofmembersofanorganisation,shareholdersofacompany,oremployeesofanofficialbodythatoccursatanirregulartime.[1]Thetermisusuallyusedwherethegroupwouldordinarilyholdanannualgeneralmeeting(AGM)butwhereanissuearisesthatrequirestheinputoftheentiremembershipandistooseriousorurgenttowaituntilthenextAGM.Membersand/orshareholdersmustbeinformedofthepurposeoftheEGMsothattheymayattendinapositionwheretheycandiscussandexerciseintelligentjudgment,orelseanyresolutionspassedareinvalid.[2] Contents 1Procedure 2Examples 3Seealso 4References Procedure[edit] BeforetheEGMtheboardoftheorganisationwillhaveagreedupononeormoreresolutionsthatwillbeputtotheshareholdersormembersforapprovalattheEGM.Thewordingoftheresolutionissenttotheshareholderswithanoteaboutitsimportance.Thetheoryisthattheboardhasabetterknowledgeofthesituation,andtheresolutionisineffecttheiridealsolution,butitmaynotbeintheinterestsofindividualshareholders.Usually,thechairmanoftheEGMreadsoutandrecommendstheresolutiontothosepresentforapproval,takesquestionsabouttheresolutionfromthosepresent,supervisesthevoteanddeclarestheresult.TherulesforconductinganEGMandtheoptionsforalteringaresolutionatanEGMorfortakingproxyvoteswillvaryfromoneorganisationtoanother. Insomesettings,thisisknownasaspecialgeneralmeetingoranemergencygeneralmeeting. IntheUnitedKingdom,thedirectorsofapubliccompanymustconveneanEGMifthenetassetsfalltohalforlessoftheamountofitscalled-upsharecapital(section656oftheCompaniesAct2006).Shareholderswhomeetcertaincriteriacanrequisitionageneralmeeting:within21daysfromthedateofreceiptofrequisitionthedirectorsmustsendoutanoticetoconveneameetingwithin28daysafterthedateofgivingthenotice. Examples[edit] Specialgeneralmeeting: FacultyofActuaries#EstablishmentoftheFacultyofActuaries SimonFraserStudentSociety#Impeachment InstitutionofEngineeringandTechnology#Formation Seealso[edit] Duomaticprinciple References[edit] ^InvestopediaEGM ^Manson,EdwardWilliamDonoghue(1911)."Company" .InChisholm,Hugh(ed.).EncyclopædiaBritannica.Vol. 6(11th ed.).CambridgeUniversityPress.pp. 795–803,seepage799.Meetings....Thisannualgeneralmeetingisusuallycalledtheordinarygeneralmeeting.Othermeetingsareextraordinarygeneralmeetings.Noticesconveningageneralmeetingmustinformtheshareholdersoftheparticularbusinesstobetransacted;otherwiseanyresolutionspassedatthemeetingwillbeinvalidated. vteCorporatetitlesChiefofficers Accessibility Administrative Analytics Audit Brand Business Channel Commercial Communications Compliance Content Creative Data Design Digital Diversity Executive Experience Financial Humanresources Information Informationsecurity Innovation Investment Knowledge Learning Legal Marketing Medical Merchandising Networking Operating Privacy Procurement Product Research Restructuring Revenue Risk Science Security Solutions Strategy Sustainability Technology Visionary Web Seniorexecutives Chairperson Creativedirector Developmentdirector Generalcounsel Executivedirector Non-executivedirector President Representativedirector Vicepresident Mid-levelexecutives Manager Generalmanager Accountmanager Supervisor Foreman Relatedtopics Boardofdirectors Corporategovernance Executivecompensation Listofbusinessandfinanceabbreviations Seniormanagement Supervisoryboard Talentmanagement Thisorganization-relatedarticleisastub.YoucanhelpWikipediabyexpandingit.vte Retrievedfrom"https://en.wikipedia.org/w/index.php?title=Extraordinary_general_meeting&oldid=1055611642" Categories:MeetingsCorporatelawShareholdersOrganizationstubsHiddencategories:Wikipediaarticlesincorporatingacitationfromthe1911EncyclopaediaBritannicawithWikisourcereferenceArticlesneedingadditionalreferencesfromJanuary2009AllarticlesneedingadditionalreferencesArticleswithlimitedgeographicscopefromJune2011UnitedKingdom-centricAllstubarticles Navigationmenu Personaltools NotloggedinTalkContributionsCreateaccountLogin Namespaces ArticleTalk English Views ReadEditViewhistory More Search Navigation MainpageContentsCurrenteventsRandomarticleAboutWikipediaContactusDonate Contribute HelpLearntoeditCommunityportalRecentchangesUploadfile Tools WhatlinkshereRelatedchangesUploadfileSpecialpagesPermanentlinkPageinformationCitethispageWikidataitem Print/export DownloadasPDFPrintableversion Languages فارسیFrançais Editlinks