What is the purpose of an Extraordinary General Meeting (EGM)?

An Extraordinary General Meeting (EGM) serves the specific purpose of addressing urgent or important matters that require a decision from the shareholders, which cannot wait until the next Annual General Meeting (AGM). This typically includes issues such as significant changes to company policies, mergers and acquisitions, or any other major decisions that need immediate shareholder input. Such meetings allow for swift communication and action on time-sensitive matters, ensuring the governance of the company is responsive and aligned with current circumstances.

In contrast, other options pertain to activities that do not align with the foundational purpose of an EGM. For example, discussing quarterly financial results is usually part of routine reports in AGMs or regular board meetings. Celebrating company milestones and training new employees are more aligned with company culture and operational tasks rather than governance matters requiring shareholder decisions.