Definition for : Extraordinary general meeting of shareholders, EGM
At extraordinary general meetings of Shareholders, Shareholders vote on matters that require a change in the company's operating and financial policies: changes in the articles of association, capital increases, mergers, asset contributions, demergers, capital decreases, etc. These decisions require a Qualified majority (1/4 or 1/3 of voting Shareholders depending on the legislation).
(See Chapter 42 Initial public offerings (IPOs) of the Vernimmen)
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