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.
Nearby TermsSpecial dividend Special Drawing Rights (SDR) Special Meeting Specialist Specialist block purchase and sale
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University