General meetings behind closed doors: the executive wants to preserve shareholders’ rights

Posted on Nov 13, 2020 at 5:02 p.m.

The shareholders above all do not want the 2021 general meetings to be held under the same conditions as those of 2020. Taken by surprise last March by the coronavirus pandemic, the public authorities authorized their holding behind closed doors, to validate the annual accounts, appoint directors and (sometimes) authorize the payment of dividends. A solution that deprived shareholders of some of their fundamental rights, such as revoking or appointing a director in session.

Since September, Better Finance, the European Federation of Savers, the F2IC (Federation of Individual Investors and Clubs), or even the SFAF (Société Française des Analystes Financiers) have asked the legislator and the financial market regulator to think about a better organization. of GA. The Autorité des Marchés Financiers (AMF), which is due to release its report on corporate governance very soon, will make proposals. And above all, Bercy has drawn up a draft order (the previous order taken in March ends on November 30) which takes into account some of these claims.

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