Quorum for a Company’s Shareholders Meeting
Quorum Required for a Meeting of Company’s Shareholders. According to the Civil and Commercial Code, a shareholder can appoint any person to be his/her proxy to attend the Shareholders’ Meeting and vote on his/her behalf.
Keywords: Thailand, Legal, Shareholders’ Meeting, Quorum
The law does not stipulate that all shareholders cannot appoint only one person to be their proxies. However, The Department of Business Development ruled that the quorum required for a meeting is at least 2 persons present in person.
Therefore at least two persons must be appointed by proxy to hold the meeting.
Want to know more?