The meetings of limited liability companies, housing companies, cooperatives and associations can be postponed this spring so that they will be held by the end of September. The possibility for postponement does not apply to the preparation of financial statements. (Act 375/2021)
Moreover, the board of directors of a corporation may decide to postpone a meeting even further or combine the spring and autumn meetings. The decision must be based on an overall assessment that must take into account the corporation’s articles of association or its rules concerning the matters to be decided, the health protection needs of the shareholders or members, and whether the postponement may cause damage to the corporation or its shareholders or members (see the Statement of the Legal Affairs Committee LaVL 2/2020 vp, p. 4 and Government Proposal HE 117/2020 vp). As a rule, postponing or combining meetings does not affect the validity of decisions.