|
|
Extraordinary general meeting |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Extraordinary general meetingAn EGM is a special meeting of a company and its shareholders which can be called by company directors or anyone with at least 10% of the voting rights on the company's shares.EGMs have to be called in order for certain special resolutions to be passed (e.g. to approve a takeover or merger or break-up of the company) and for the resolution to be passed, 75% of more of the shareholders have to vote for it.Similar MatchesExtraordinary itemsExtraordinary itemsCosts which affect a company's profit (or loss) which are not associated with normal activities and which are not expected to recur. Extraordinary positive valueExtraordinary positive valueA positive net present value. Extraordinary callExtraordinary callEarly redemption of a revenue bond because the revenue source paying the interest on the bond has been eliminated or has disappeared. Extraordinary itemExtraordinary itemAn unusual and unexpected one-time event that must be explained to shareholders in an annual or quarterly report, e.g., write down for a discontinued operation, employee fraud, a lawsuit, or other one-time events. Results are often presented with and without these items. The logic of excluding these items is that investors a better notion of future performance if one-time events are excluded. |
|
|
|