Compromise or arrangement: court-ordered meeting to consider approval; attendees may vote in person or by proxy deposited before meeting. Court-directed convening of a meeting of a specified class of creditors or members to consider and vote on a proposed compromise or arrangement. Notice must state time, place and purpose; attendees may vote in person or by proxy, provided a prescribed, signed proxy is deposited at the company's registered office within the prescribed time before the meeting. The court appoints a chairman (and alternate). A copy of the compromise or arrangement, the statutory statement and a proxy form must be enclosed.