Special Meeting


 

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Special Meeting

Refers to a meeting of shareholders outside the usual annual general meeting. In the context of corporate governance, some limitations either increase the level of shareholder support required to call a special meeting beyond that specified by state law or eliminate the ability to call one entirely. Such provisions add an extra time delay to many proxy fights, since bidders must wait until the regularly scheduled annual meeting to ../../finance-glossary/ board members or dismantle takeover defenses.



Special Meeting

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Special dividend

Special dividend

Also referred to as an extra dividend. Dividend that is unlikely to be repeated.


Specialist

Specialist

A member of a stock exchange who provides an orderly market in one or more securities. A specialist executes limit orders and buys and sells securities when abnormal fluctuations occur to maintain stability.


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See: 'sector fund'.


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An additional bonus (that is, over and above the normal reversionary bonus) applied to a with profits life assurance policy when the life company's profits are exceptional.


Intra-product specialization

Intra-product specialization

Another term for fragmentation. Used by Arndt (1997).


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