Latest Threads

The text provides clarification on the approval of proxies for attending General Meetings as per Clauses 1 and 2 of Article 40 of the Corporate Governance Manual. Shareholders eligible to attend the Annual General Meeting (AGM) can delegate someone, who is not a member of the Board of Directors, an employee of the company, or an employee of a securities brokerage company, to attend and vote on their behalf with a written proxy. This proxy must explicitly state the agent's right to attend and vote. A delegated person cannot represent more than 5% of the company's issued capital. Shareholders who are legally incompetent must be represented by their legal representatives. The signature on the proxy must be verified by a Notary Public, the commercial chamber of the economic department in the country, a licensed bank or company, or any other licensed attestation entity. The proxy form should include the contact details of the shareholder or the authorized entity approving the proxy. For further information or clarification, contact details are provided.

The disclosure clarifies the rules regarding proxy approval for shareholders in joint stock companies. Shareholders eligible to attend a general assembly can delegate someone, who is not a board member, company employee, or associated with a securities brokerage company, to attend and vote on their behalf. The delegated person cannot represent more than 5% of the company's issued capital. Shareholders who are legally incompetent must be represented by their legal representatives. The shareholder's signature on the proxy must be approved by a recognized entity such as a Notary Public, economic department's commercial chamber, a licensed bank or company, financial markets, or any licensed attestation entity. The proxy form must include the shareholder's and brokerage firm's contact details and is a guiding document that can be customized within the specified limits. For further inquiries, contact details are provided.