Virtual Shareholders Meetings: Draft Decree Amends Mexico’s General Law of Commercial Companies | Insights | Holland & Knight ...Middle East

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Virtual Shareholders Meetings: Draft Decree Amends Mexico’s General Law of Commercial Companies | Insights | Holland & Knight
The Mexican Senate, on September 12, 2023, unanimously approved the draft Decree reforming several provisions of the General Law of Commercial Companies (Ley General de Sociedades Mercantiles or LGSM). By virtue of this reform, it is intended to incorporate the legal figure of virtual Partners and Shareholders meetings and Board resolutions held through telematic (virtual) means, to facilitate, expedite and give full legal certainty to the convening of partners and shareholders meetings, as well as of the resolutions taken by the administrative and supervisory bodies of commercial companies. The draft Decree amending the LGSM also intends to include the possibility for companies to choose

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