Shareholders
General Meetings of Shareholders are convened by either the Management Board or the Supervisory Board. They are held at least once a year to discuss the annual report, adopt the annual accounts, decide on the appropriation of the profit, discharge the members of the Management Board and the members of the Supervisory Board with regard to their fulfillment of their duties, and decide on appointments to fill vacancies and any other business. Shareholder approval is required for resolutions which have a substantial impact on the company and its risk profile. In compliance with the company’s Articles of Association, the Management Board and/or the Supervisory Board will also put resolutions proposed by shareholders on the agenda of General Meetings of Shareholders.
Shareholders representing shares with a total nominal value of at least € 10 million may ask the Management Board and/or Supervisory Board to convene a General Meeting. Shareholders are entitled to cast one vote for each ordinary share they hold, and if necessary can vote by proxy. Resolutions of the General Meeting are carried by a simple majority of the votes cast, unless the law or Articles of Association prescribe a larger majority. To ensure that shareholders wishing to vote by proxy are given sufficient opportunity to perform a thorough analysis, the agenda and underlying documents are made available on Corio’s website and at its offices not later than 15 calendar days before the General Meeting. The Management Board and the Supervisory Board provide the General Meeting with all required information unless an important interest of the company dictates otherwise.
Source: Annual Report 2009, Chapter Corporate governance, page 79 (PDF, 66 kB)
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