Special Meeting

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 replace board members or dismantle takeover defenses.

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Special Meeting

Any stockholder meeting other than the annual general meeting. A company may call a special meeting to discuss a specific, non-recurring matter. State laws govern how often a special meeting may be called.