Basic rules for conducting remote general meetings of shareholders of a joint-stock company in Ukraine

Abstract

Consequently, Ukrainian legislation has been in a state of gradual changes in the shareholding legislation for the past few years. At the challenge of time, joint-stock companies concentrate the organization of company activities through the use of electronic document management and electronic means of communication that meet the European standards. However, as of today, there is no regulation of the essence of the forms of participation in general meetings of shareholders, which would provide for the specifics of holding face-to-face, remote and electronic general meetings. In this regard, it should be observed that the new Law of Ukraine “On Joint Stock Companies” allows face-to-face general meetings to be held at the location of the company with the possibility of virtual participation of shareholders in the general meeting through video communication means. Electronic general meetings can be held in a video conference mode, which allows all shareholders to be seen and heard in real time with a defined electronic voting mechanism. Finally, remote general meetings can be held by absentee voting using electronic and postal means. This will be another incentive to promote the inflow of foreign investments into the economy of Ukraine and increase confidence in doing business on the territory of Ukraine.