Under what conditions can shareholders conduct a special meeting?

Shareholders can conduct a special meeting when at least 25% of the outstanding shares request it. This provision is significant as it empowers a minority of shareholders to call for a meeting to address urgent issues that cannot wait until the next regular meeting. It ensures that shareholders have a mechanism to voice their concerns and seek action when necessary, promoting transparency and active participation in corporate governance.

The requirement of 25% helps balance the interests of minority shareholders with the need to avoid potential disruptions caused by too frequent meetings initiated by small factions. This threshold ensures that a significant portion of the ownership body supports the need for a special meeting, reflecting a collective interest rather than an isolated request.

Other choices either misinterpret the requirements for initiating such meetings or suggest a lack of necessary support or involvement from shareholders, which is foundational to corporate decision-making and governance.