extraordinary general meeting

noun

1. EGM. a meeting specially called to discuss a particular item of a company's business, usually one of some importance. The meeting may be called by a group of shareholders or by the directors

Example Sentences

What’s Next: On Nov. 14, Novo will hold an extraordinary general meeting of shareholders to elect new board members nominated by the Novo Nordisk Foundation, led by Sørensen, who was CEO from 2000 through 2016.

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After failing to reach an understanding "the board concluded that it is in the best interest of the company and its shareholders to convene an extraordinary general meeting to elect new board members to provide clarity on the future governance of Novo Nordisk," current board chair Helge Lund said in a statement.

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After failing to reach an understanding "the board concluded that it is in the best interest of the company and its shareholders to convene an extraordinary general meeting to elect new board members to provide clarity on the future governance of Novo Nordisk," current board chair Helge Lund said in a statement.

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The drugmaker will hold an extraordinary general meeting of shareholders on Nov. 14, to elect a slate of new board members nominated by the Novo Nordisk Foundation, led by Sørensen.

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“We believe it is time to bring in new competencies and perspectives to the Board to support Mike Doustdar and his leadership team in executing on the company’s strategy, and we therefore agree with the decision to call for an extraordinary general meeting,” the foundation said in its own statement.

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