Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of a special meeting of the board of directors.
Special Meeting Of The Board In North Carolina
State:
Multi-State
Control #:
US-0014-CR
Format:
Word;
Rich Text
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FAQ
Special board meetings may be called by the chair of the board, the president, any vice president, the secretary, or any two directors.
Ing to Robert's Rules of Order, special meetings always require previous notice. Here are a few valid reasons for calling a special meeting: An urgent matter needs to be dealt with before the next regular meeting.
A SGM may be called by the trustees whenever they think fit, and must be called upon a written request made by owners entitled to 25 percent of the total of the participation quotas of all sections, or by any mortgagee holding mortgage bonds over at least 25 percent in number of the units in the scheme.
Special meetings of the shareholders may be called for any purpose or purposes, at any time, by the Chief Executive Officer; by the Chief Financial Officer; by the Board or any two or more members thereof; or by one or more shareholders holding not less than 10% of the voting power of all shares of the corporation ...
Special board meetings may be called by the chair of the board, the president, any vice president, the secretary, or any two directors.
Understanding special meetings through an example However, an unexpected opportunity for an acquisition arises, and the board needs to make a quick decision. In this case, the board members may call a special meeting to discuss and approve the acquisition deal.
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.
A special meeting may be called any time by the Presiding Officer or by a majority of the members of the Commission or Committee.
The EGM is convened at an irregular time to address a crisis. All matters transacted at an EGM are deemed special. For example, the removal of a top executive might constitute the agenda of an extraordinary general meeting. An EGM is also called a special/emergency general meeting.
In addition to specifying the date, time and location of the meeting, special meeting notices should make note of all agenda items. Unless the bylaws indicate something different, board members should only be discussing the business that was stated in the notice for the special meeting.
