EGM

CONSTRUCTION ACRONYMS

EGM

Extraordinary General Meeting

An Extraordinary General Meeting (EGM) is a formal meeting held outside the regular annual meeting cycle to discuss and vote on urgent or significant matters requiring stakeholder or owners corporation approval. In construction, remediation, and strata contexts, EGMs are commonly used to approve major works, budgets, levies, or project-related decisions.

Key Components

• Special Resolutions: Voting on important matters such as remediation works, funding approvals, or contractor appointments.
• Stakeholder Participation: Allows owners, committee members, or shareholders to review and discuss proposed actions.
• Formal Notice Requirements: Must be convened in accordance with relevant legislation, constitutions, or strata by-laws.
• Decision Documentation: Outcomes and resolutions are formally recorded in meeting minutes.

EGMs play a critical role in governance and project decision-making, ensuring transparency, stakeholder engagement, and formal approval processes for significant building and remediation initiatives.

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