Coronavirus: CMVM recommendations for holding general meetings

In an informative note published by PLMJ on 6 March (available here) we noted that shareholders’ general meetings are a source of danger because they bring together large groups of people. As a result, specific duties of care arise in relation to holding meetings and these apply not only to the chair of the board of the general meeting, but also, and above all, to the directors of the company. The directors are responsible for ensuring the physical and technical conditions that will make it possible to hold the meeting safely and, at the same time, to guarantee the rights of the shareholders to participate in it.

It was the recognition of the existence of this source of danger that led to several measures being taken and recommendations being issued by public bodies to mitigate the risks associated with holding general meetings.

This briefing is discusses the CMVM recommendations for holding general meetings.