Glossary entry

Danish term or phrase:

papirgeneralforsamling

English translation:

nominal annual general meeting

Added to glossary by stephen mewes
Feb 28, 2012 12:20
12 yrs ago
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Danish term

papirgeneralforsamling

Danish to English Bus/Financial Business/Commerce (general)
Herudover er planlagt papirgeneralforsamling til den 21. september 2005 samt næste ordinære bestyrelsesmøde til den 17. oktober 2005.

Proposed translations

1 hr
Selected

nominal annual general meeting

I'm assuming this is a case of a small limited liability company where the shareholders are more or less synonymous with the directors. The AGM would thus be just a legal document produced to comply with company legislation. I note that since October 2007 in the UK, small private companies are no longer required to hold AGMs so this practice is not necessary any more.
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2 hrs

virtual annual general meeting

"Fremover kan aktionærer - ligesom det er tilladt for anpartshavere - beslutte, at selskabet kan træffe beslutninger på andre måder end ved en fysisk generalforsamling. Beslutningen skal være enstemmig.

De såkaldte papirgeneralforsamlinger, hvor en advokat udfærdiger dokumenter, uden at der afholdes en fysisk generalforsamling, er dermed også indskrevet i loven for aktieselskaber. Eneste undtagelse fra reglen er statslige og børsnoterede virksomheder."
http://www.advodan.dk/erhverv/ny-selskabslov/generalforsamli...

"If a corporation organizes its shareholders meeting on a virtual basis, there will no longer be a physical gettogether
of shareholders."
see The Virtual Shareholders Meeting: How to make it work?∗
Anatoli van der Krans (LL.M.)
Associate Professor, Corporate Law
Molengraaff Institute for Private Law, Utrecht University
in Journal of International Commercial Law and Technology Vol.2, Issue 1( 2007)
www.ehow.com/about_4621379_shareholders-meetings.html
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