23rd of April 2020
GAFI decision allowing GAS and BOD meetings to convene virtually of physically in other locations
Keywords: COVID-19
Here’s the link to GAFI’s decision allowing general assemblies and board meetings to convene either virtually (should they are able to vote) or physically in any other venue they select. Also, see summary in English below.
►►► GAFI Decision On GM & Board Meetings.
- Attending board meetings and OGMs and EGMs of both Law 159 companies and investment companies by virtue of visual or audio communication technologies shall be considered valid and shall deemed an actual attendance.
- Such companies shall take all the necessary procedures to ensure that board members, managers, partners and shareholders, as the case may be, are able to vote on the relevant prescribed agenda. Minutes of such meetings, attendance sheet, and all other required processes shall be submitted, having the relevant required signatures.
- Companies shall also provide a CD including all the procedures taken via the used electronic method.
- In addition, all companies that had previously notified their shareholders / partners of the invitation for an OGM or EGM, where such meetings could not be convened at the locations stated in the agenda, may notify their shareholders / partners, as well as the relevant persons, of a new available place for holding such meetings, via the same method of the first notification. They may also convene the meeting as per the method stated above (visual or audio meeting).
Here’s the link to GAFI’s decision allowing general assemblies and board meetings to convene either virtually (should they are able to vote) or physically in any other venue they select. Also, see summary in English below.
►►► GAFI Decision On GM & Board Meetings.
- Attending board meetings and OGMs and EGMs of both Law 159 companies and investment companies by virtue of visual or audio communication technologies shall be considered valid and shall deemed an actual attendance.
- Such companies shall take all the necessary procedures to ensure that board members, managers, partners and shareholders, as the case may be, are able to vote on the relevant prescribed agenda. Minutes of such meetings, attendance sheet, and all other required processes shall be submitted, having the relevant required signatures.
- Companies shall also provide a CD including all the procedures taken via the used electronic method.
- In addition, all companies that had previously notified their shareholders / partners of the invitation for an OGM or EGM, where such meetings could not be convened at the locations stated in the agenda, may notify their shareholders / partners, as well as the relevant persons, of a new available place for holding such meetings, via the same method of the first notification. They may also convene the meeting as per the method stated above (visual or audio meeting).
GAFI decision allowing GAS and BOD meetings to convene virtually of physically in other locations
23rd of April 2020
Keywords: Retail & Consumer Goods, Commercial
Here’s the link to GAFI’s decision allowing general assemblies and board meetings to convene either virtually (should they are able to vote) or physically in any other venue they select. Also, see summary in English below.
►►► GAFI Decision On GM & Board Meetings.
- Attending board meetings and OGMs and EGMs of both Law 159 companies and investment companies by virtue of visual or audio communication technologies shall be considered valid and shall deemed an actual attendance.
- Such companies shall take all the necessary procedures to ensure that board members, managers, partners and shareholders, as the case may be, are able to vote on the relevant prescribed agenda. Minutes of such meetings, attendance sheet, and all other required processes shall be submitted, having the relevant required signatures.
- Companies shall also provide a CD including all the procedures taken via the used electronic method.
- In addition, all companies that had previously notified their shareholders / partners of the invitation for an OGM or EGM, where such meetings could not be convened at the locations stated in the agenda, may notify their shareholders / partners, as well as the relevant persons, of a new available place for holding such meetings, via the same method of the first notification. They may also convene the meeting as per the method stated above (visual or audio meeting).
Here’s the link to GAFI’s decision allowing general assemblies and board meetings to convene either virtually (should they are able to vote) or physically in any other venue they select. Also, see summary in English below.
►►► GAFI Decision On GM & Board Meetings.
- Attending board meetings and OGMs and EGMs of both Law 159 companies and investment companies by virtue of visual or audio communication technologies shall be considered valid and shall deemed an actual attendance.
- Such companies shall take all the necessary procedures to ensure that board members, managers, partners and shareholders, as the case may be, are able to vote on the relevant prescribed agenda. Minutes of such meetings, attendance sheet, and all other required processes shall be submitted, having the relevant required signatures.
- Companies shall also provide a CD including all the procedures taken via the used electronic method.
- In addition, all companies that had previously notified their shareholders / partners of the invitation for an OGM or EGM, where such meetings could not be convened at the locations stated in the agenda, may notify their shareholders / partners, as well as the relevant persons, of a new available place for holding such meetings, via the same method of the first notification. They may also convene the meeting as per the method stated above (visual or audio meeting).
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