By law, corporations and joint stock companies must hold their ordinary shareholders’ meeting during the first four months of each year. Therefore, this year’s shareholders’ meeting must be held no later than Tuesday, April 30, 2024.
At this meeting, the following matters must be discussed:
- The examination of the company’s situation and the reports of the statutory auditors and external auditors and the approval or rejection of the annual report, balance sheet, financial statements and demonstrations presented by the company’s administrators or liquidators.
2. The distribution of the profits of the fiscal year, and in particular, the distribution of dividends.
3. The election or revocation of the regular and alternate members of the Board of Directors, of the liquidators and of the supervisors of the administration.
4. Any matter of corporate interest that is not proper for an extraordinary shareholders’ meeting.
As a general rule, notices of convocation must be published within 20 days prior to the date of the meeting and the first notice cannot be published less than 15 days prior to the meeting.
Contact us for more information:
Gustavo Cuevas Manriquez
Associate Partner
José Olbrich
Senior
Felipe Gonzalez
Senior Associate
