Supervisory Board meetings in times of the Pandemic
With the COVID-19 Pandemic Act, the legislator has created the possibility of holding virtual general meetings without the presence of shareholders. The approval resolution of the Supervisory Board, which is required for this purpose or for the application of some other simplifications in the conduct of the General Meeting, can also be passed in writing, by telephone or in a comparable manner. This applies irrespective of any provisions in the Statutes of the Corporation or the Rules of Procedure of the Supervisory Board.
What applies to other resolutions of the Supervisory Board?
Our working paper (download) answers this question and discusses the following topics:
- Supervisory Board in the German stock corporation (Aktiengesellschaft or AG)
- Supervisory Board in the GmbH
Annual General Meeting without physical attendance of the shareholders possible