Definition of extraordinary general meeting
Extraordinary general meeting:
An Extraordinary General Meeting or EGM is a special meeting of a company and its shareholders which can be called by company directors or people with at least 10% (in combination) of the voting rights on the company's shares. EGMs are often called so that certain special resolutions to be passed (eg to approve a takeover or break-up of the company). For special resolutions to be passed, 75% or more of the shareholders must vote in favour.
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