Right to call a meeting
The ability of holders with the share of votes prescribed by statute to demand that an extraordinary meeting be held.
How to read the number
It turns a stake into leverage: with it a group of minority holders puts a question to a vote without waiting for the annual cycle.
When the metric lies
The demand must be made in prescribed form and is refused on formal grounds; a refusal can be challenged, but the time before the meeting is spent doing so.
Also known as: right to call a meeting