Common use of Shareholder decisions Clause in Contracts

Shareholder decisions. The shareholders shall decide on the matters restricted to their purview under the law, as well as on those matters that one or more directors or as many shareholders as represent at least one third of the share capital submit for their approval. The shareholder decisions are adopted in the form of a shareholders’ meeting resolution or outside of a shareholders’ meeting, i.e. by means of written consultation or on the basis of specific written consent. Shareholder decisions, whether or not they are taken by the shareholders’ meeting, are adopted with the favourable vote of the entire share capital, unless otherwise envisaged by a mandatory provision of law.