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Home / Information for shareholders and investors / Regulations of the General Shareholders Meeting / Proxy Voting
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Proxy Voting

Gobierno Corporativo
Regulations of the General Shareholders Meeting   › › › ›   Proxy Voting

The methods and procedures to confer representation at the General Meeting are regulated in articles 21 and 22 of CAF's Articles of Association and in article 9 of General Meeting regulations.

All shareholders with the right to attend can be represented in the General Meeting by another person, even if this person is not a shareholder. To this end, they must meet the requirements laid down by law.

Should the Company executive directors, equity holding organisations or, any other physical or legal person request representation for themselves or other and, in general, whenever the request is made public – which shall be assumed to be the case if a single person represents more than three shareholders – the document supporting the power must contain or include attachments of the Agenda, as well as the request and instructions for the exercising of the right to vote and the indication of the line of voting the representative shall take, should no precise instructions be received. On exceptions, the representative may vote differently when  circumstances arise requiring such an action and when the client’s interests are at risk. In such a case, the representative must provide the client with immediate written information, explaining the reasons behind his vote.



Last Modification : 08 of September of 2005