Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of extraordinary general meeting

Definition of

extraordinary general meeting

Corporate Governance

general meeting other than regular annual meeting any general meeting of an organization other than the annual meeting. Directors can usually call an extraordinary general meeting at their discretion, as can company members who either hold not less than 10% of the paid-up voting shares, or who represent not less than 10% of the voting rights. Directors are obliged to call an EGM if there is a substantial loss of capital. Fourteen days' written notice must be given, or 21 days' written notice if a special resolution is to be proposed. Only special business can be transacted at the meeting, the general nature of which must be specified in the convening notice.

Related definitions of "extraordinary general meeting"

Recommended Further Reading (Term count)
  • The “Comply or Explain” Approach to Improving Standards of Corporate Governance
    by Sir Christopher Hogg
    Sir Christopher Hogg was Chairman of the Financial Reporting Council from 1 January 2006 to 1 May 2010. He began his career in industry with Courtaulds in 1968, going on to become Chief Executive in 1979, executive Chairman from 1980, and non-executive Chairman from 1991 to 1996. He was a non-executive director and subsequently Chairman of Reuters Group (1984-2004), SmithKline Beecham and then GlaxoSmithKline (1993-2004), and Allied Domecq...
extraordinary general meeting - Related Articles
  • Extraordinary Popular Delusions and the Madness of Crowds

    Finance Library

    Extraordinary Popular Delusions and the Madness of Crowds is a seminal work in the development of understanding crowd psychology. It provides an overview of the great financial manias and irrational behavior in other areas of life, focusing on the fads, delusions, crazes, panics, and buying binges that originally arise from seemingly rational ideas

  • The “Comply or Explain” Approach to Improving Standards of Corporate Governance

    Viewpoints

    Under UK company law, shareholders have comparatively extensive rights, including the rights to appoint and dismiss individual directors, to vote on the company’s remuneration policy, and, in certain circumstances, to call an extraordinary general meeting of the company. This means that
    By Sir Christopher Hogg

  • Maximizing a New Strategic Alliance

    Best Practice

    international, so it’s no surprise to learn that the world’s largest multinationals are heavy alliance users: IBM (254 alliances), General Motors (138), Mitsubishi (233), Toshiba (147), Philips (207), and Siemens (200) are just some examples.
    By Peter Killing

More

Definitions of ’extraordinary general meeting’ and meaning of ’extraordinary general meeting’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’extraordinary general meeting’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top

Related Blog Posts

More related Blog results