Companies Law

Except for matters falling within the powers of the extraordinary general assembly, the ordinary general assembly shall have the powers necessary over all other company matters, particularly the following: a) Electing and removing board members. b) Appointing a company auditor, or more, in accordance with this Law; determining his fees; and reappointing and removing him. c) Reviewing and discussing the board’s report. d) Reviewing and discussing the company's financial statements. e) Reviewing the auditor's report, if any, and making a decision thereon. f) Deciding on board proposals relating to the manner of distributing dividends. g) Creating the company's reserves and determining their uses.