Russian companies may hold shareholder meetings in absentia in 2020 - new law
MOSCOW. March 18 (Interfax) - Russian President Vladimir Putin has signed a law that allows Russian public joint-stock companies to hold shareholders meetings in absentia in 2020.
Federal Law No. 901908-7 is posted on the government's legal information website and came into force on the day of its official publication.
The law stipulates that general shareholder meetings may be held in absentia in 2020 at which issues are discussed on the election of the board of directors, or supervisory board, and the audit committee; on the approval of the auditor as well as on the approval of the annual report, annual accounting and financial statements and on the distribution of profits. A company's board of directors, or supervisory board, may also take the decision.