General Assembly

EUROFIMA is managed and administered by the General Assembly, the Board of Directors and the Management. The General Assembly convenes at least once a year. It decides on the maximum amount of borrowings to be contracted during a given period. It approves the management rules established by the Board of Directors and the annual accounts.

Decisions are taken by the majority of votes of the shares represented. However, to amend the Statutes, to reduce or to increase the stated share capital, to transfer shares and subscription rights, to dissolve the company, to appoint liquidators and to extend the company’s duration, a majority representing at least seven-tenths of the stated share capital is required.