18 of March 2020
COVID 19 | UPCOMING SHAREHOLDERS GENERAL ASSEMBLY AND OTHER CORPORATE BODIES’ MEETINGS
Possibility of changing an already summoned physical presence meeting. Companies that as of March 13, 2020 had already sent convened to hold a physically presence meeting of the board of partners, shareholders assembly or the board of directors, may, up to one day prior to the day scheduled for such meeting, deliver a notice to partners, shareholders or members of the board of directors, indicating that the relevant meeting will be held through non-face-to-face mechanisms. Said communication must be sent by the same means used for the initial call, clearly indicating the non-face-to-face means through which the partners, shareholders or members of the board may participate in the meeting.
Regarding non-face-to-face meetings or mixed meetings (this is, meetings in which there are both face to face and non-face-to-face attendance), it will no longer be necessary to count with the presence 100% of the partners, shareholders or members of the board of directors to be able to deliberate or decide by means of simultaneous or successive communication. The corporate body will be enabled to deliberate as long as the number of partners, shareholders or members of the board of directors, required by law or the by-laws of the company to conform the deliberative quorum in face-to-face meetings are present through the means chosen for simultaneous or successive communication. It would also not be necessary for all of the partners, shareholders or directors to issue their vote for the non-face-to-face or mixed meeting (or the resolutions thereunder) to be valid.
You can find other measures adopted in the following bulletin.