An EGM is usually called to discuss matters such as:
a. Removal of a director or auditor
b. Modification to articles of association
c. Issue of shares or other securities
d. Important business or legal concerns that need shareholders’ approval
To call an EGM, the board of directors of a company must send a notice to shareholders, indicating the date and time, along with a detailed agenda. The notice must be accompanied by a resolution passed by the board calling the EGM and recording reasons for calling it.