Shareholders’ decisions are made
Shareholder or general meetings
Shareholders’ decisions are made by way of shareholder
resolutions taken at shareholder meetings (Gesellschafterver-
sammlung) in the case of a GmbH and at the general meeting of
shareholders (Hauptversammlung) in the case of an AG.
For a GmbH, shareholder meetings are normally called by the
managing directors (or the supervisory board, if applicable), or by
holders of at least 10% of the share capital. The meetings need
not be held in Germany. Votes can be cast by telex, fax, e-mail,
etc. Unless otherwise provided in the articles of association, the
statutory rights of shareholders at shareholder meetings include
decisions on: appointment of managing directors, review of the
activities of the managing directors, approval of the financial
statements, appropriation of profts, and amendments to the ar-
ticles of association. Unless otherwise stipulated in the articles,
each € 1 participation entitles the owner to one vote.
Decisions are made by a simple majority of votes (more than 50%), unless
the articles provide otherwise. In some cases a 75% majority is
required by law.
EU Forecast
euf:ba18f:142/nws-01