Company Act Article 198Aug. 1, 2018

In the process of electing directors at a shareholders' meeting, the number of votes exercisable in respect of one share shall be the same as the number of directors to be elected, and the total number of votes per share may be consolidated for election of one candidate or may be split for election of two or more candidates. A candidate to whom the ballots cast represent a prevailing number of votes shall be deemed a director elect.

The provision of Article 178 hereof shall not apply to the voting power referred to in the preceding Paragraph.

Same Article Laws

Other Related Laws

Company Act Article 178Aug. 1, 2018

A shareholder who has a personal interest in the matter under discussion at a meeting, which may impair the interest of the company, shall not vote nor exercise the voting right on behalf of another shareholder.

Details >

Corporate Consulting