Corporate Governance
Extraordinary General Meeting
Definition
What is Extraordinary General Meeting?
A shareholderA person or entity that owns one or more shares in a company. meeting called outside the normal annual meeting to consider urgent or special matters.
Example in practice
How This Looks in Practice
The board calls an EGM to approve a major acquisitionThe purchase of control or ownership of a company or business..
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Related Terms
Corporate Governance
Proxy Vote
A vote cast by another person or electronically on behalf of a shareholder.
Corporate GovernanceAnnual General Meeting
A yearly shareholder meeting at which financial reports, directors, auditors, and other matters are considered.
Corporate GovernanceBoard of Directors
The body elected or appointed to oversee a company and its management.
ETF MechanicsCreation Unit
A large block of ETF shares exchanged between the fund and authorised participants.