Can a shareholder be represented at the Annual Shareholders’ Meeting and issue power of attorney and instructions already prior to the Annual Shareholders’ Meeting?
Shareholders who are unable or do not want to attend the Annual Shareholders’ Meeting personally can issue power of attorney and instructions to a representative. A shareholder can issue power of attorney and instructions beforehand to be represented by a proxy appointed by the company. This proxy is obliged to vote as instructed by the respective shareholder represented. The power of attorney and instructions must always be issued in writing or via Internet to the proxy appointed by the company. It is also possible to issue power of attorney to a bank or an association of shareholders. The certificate of power of attorney must be sent directly to the bank or association. The shareholder should make sure ahead of time, though, that the bank or the association of shareholders is prepared to exercise the voting rights on the shareholder’ behalf of.
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