In stock corporations, the supreme body is called the \u201cAssembly\u201d and is constituted by the meeting of the shareholders, in accordance with the specific rules established in the Commercial Code and the company's articles of incorporation.<\/p>\n\n\n\n
It is essential to understand that not all partner meetings can be considered legitimate assemblies. To do so, a prior notice must be given that includes the agenda to be discussed and a minimum quorum is required, which is detailed below.<\/p>\n\n\n\n
Although the assembly is not a permanent operating body, its activity is temporary, and despite this, it is considered the supreme body of the society. This is because the will of the partners is expressed in the assembly, and its resolutions create legal ties for all members individually.<\/p>\n\n\n\n
According to the Commercial Code of Guatemala, assemblies are classified according to the type of decisions to be made.<\/p>\n\n\n\n
This assembly is held at least once a year, after the accounting operations that define the fiscal year have been completed. It deals with issues related to the ordinary life of the company, such as:<\/p>\n\n\n\n
\u2013 Name and remove administrators and managers
\u2013 Appoint the board of directors
\u2013 Learn about social enterprises
\u2013 Approve the distribution of dividends
Approve credits in favor of the company
\u2013 Approve purchases or sales in favor of the company
\u2013 Resolve specific matters indicated in the company's articles of incorporation<\/p>\n\n\n\n
Quorum and Majority:<\/strong> This meeting may be held at any time and is generally devoted to amending the company's articles of incorporation. Topics may include:<\/p>\n\n\n\n \u2013 Increase in authorized capital Quorum and Majority:<\/strong> These assemblies bring together a specific group of shareholders based on the class of shares they own, such as:<\/p>\n\n\n\n \u2013 Preferred shareholders They are held without prior notice, provided that all shareholders attend and none object to their holding.<\/p>\n\n\n\n I hope this expanded version is useful to you. Are there any additional aspects you would like to include or modify?<\/p>","protected":false},"excerpt":{"rendered":" En las sociedades an\u00f3nimas, el \u00f3rgano supremo es denominado \u201cAsamblea\u201d y est\u00e1 constituido por la reuni\u00f3n de los socios accionistas, de acuerdo con las normas espec\u00edficas establecidas en el C\u00f3digo de Comercio y la escritura constitutiva de la sociedad. Es fundamental entender que no todas las reuniones de socios pueden ser consideradas leg\u00edtimas asambleas. Para […]<\/p>\n","protected":false},"author":3,"featured_media":4964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[717],"tags":[800],"class_list":["post-4963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-derecho-corporativo","tag-corporativo"],"blocksy_meta":[],"yoast_head":"\n
For an ordinary meeting to be considered valid, at least half of the voting shares must be represented. Resolutions will be valid if passed by a majority of the votes present.<\/p>\n\n\n\nExtraordinary General Assembly<\/h3>\n\n\n\n
\u2013 Company Transformation or Merger
\u2013 Amendment of the company's purpose
\u2013 Change of company name
\u2013 Creation of preferred stock
\u2013 Stock Increase and Decrease
\u2013 Other matters required by law or the company's articles of incorporation<\/p>\n\n\n\n
Unless the articles of incorporation stipulate a higher majority, for an extraordinary shareholders\u2019 meeting to be valid, at least 60% of the voting shares must be represented. Resolutions shall be adopted by a majority of more than 50% of the issued voting shares.<\/p>\n\n\n\nSpecial Assemblies<\/h3>\n\n\n\n
\u2013 Shareholders with preferred stock
\u2013 Limited voting partners<\/p>\n\n\n\nTotalitarian Assemblies<\/h3>\n\n\n\n