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Special meetings of the Board of Directors for any purpose may be called at any time by the President or, if the President is absent or unable or refuses to act, by any Vice President or any two Directors.
Shareholder meetings are a regulatory requirement which means most public and private companies must hold them. Notification of the meeting's date and time is often accompanied by the meeting's agenda.
A special meeting allows shareholders to remove the current board of directors and elect a new board.
Under Robert's Rules of Order, minutes that do not come up for review quarterly, may be approved by the board. Since annual meetings are annual not quarterly, the board can approve the minutes. "Minutes of one annual meeting should not be held for action until the next one a year later." (Robert's Rules, 11th ed., p.
Special meetings are unscheduled meetings called from time to time by the board for a specific purpose. Special meetings usually address issues that need immediate attention or that need more time and discussion than can be handled in routine board or annual meetings.
The corporation can allow others to call a special meeting, such as the BoD Chair, CEO, or yes, shareholders.
Special Meetings A special meeting (or a called meeting) is a separate meeting of a society held at a time different from the regular meeting. The bylaws must provide guidelines for special meetings.
Special meeting is a meeting called by shareholders to discuss specific matters stated in the notice of the meeting. It is a meeting of shareholders outside the usual annual general meeting.
Members' meetings, or shareholders' meetings, are held when the company needs to make an important decision that requires the vote of the company's shareholders. These meetings are also known as general meetings.
Special meetings of members can also be called by the directors to make decisions concerning special business. Special business is generally considered to be any business other than the annual business to be transacted at an annual meeting of members.