Rights of the Shareholders
The main rights of the shareholders are the following:
- the right to participate in the general meetings,
- the right to participate in the distribution of the profits,
- the right to be informed. These rights are prescribed in the articles of association of CMH, in the commercial code and other relevant legislation.
1.The right to participate in the General Meetings
- All the shareholders, with or without voting rights, shall have the right to attend the general meetings and to discuss the matters submitted to the Assembly for deliberation, as long as they can show proof of their status as stockholders.
2.The right to participate in the distribution of profits
The profits obtained in each financial year shall be applied, after deduction of the relevant taxes, in the following manner:
- Five percent to the reserve fund, if it is not yet completely formed or whenever it is deemed necessary to replenish it.
- The remaining profits shall be applied in accordance with the deliberations of the General Assembly.
3.The right to be informed
Articles 12, 167 and 415 of the Commercial Code lays down a series of rights of the shareholders to be informed about the affairs of the society and its financial status, namely:
- The shareholders shall have the right to consult the book of minutes of the General Meetings, the register of debts and guarantees, the share register book and all the other documentation which, legally or statutorily, must be made available to the partners before the General Meetings.