Robinsons Solicitors
News Article
SHAREHOLDER VOTING IN PRIVATE COMPANIES
From 3rd August 2009 changes have taken place as to how individual shareholders and corporate representatives of shareholders exercise their voting rights.There has also been a change in members’ powers to require directors to call general meetings.
If you are a shareholder in a private company and are unable to attend a general meeting where you believe your vote will be important then you should consider whether the proxy form you have been sent by the company is appropriate and whether your proxy will be able to cast your votes.
Private companies should also consider whether their Articles of Association need to be amended in light of the new Shareholders Rights Directive.
Advice on the above is available by appointment at our Derby Office. For an appointment, contact Christopher Hallam of our corporate team. Our usual hourly rates will apply. New clients need to bring suitable identification documents with them.
Published: 11 August 2009
