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Article:

Corporate governance

20 March 2020

On 20th March 2020 Latvian Parliament has adopted amendments to the Commercial Law providing for remote participation and voting in the shareholders' meeting by means of written notification and electronic means of communication. The notice convening the meeting will specify the arrangements and the time limit within which the member or shareholder will be able to exercise his / her right to attend the meeting by electronic means.​

Taking into account that the beginning of the year is the most active time for approval of the annual reports of the meeting, the Saeima has approved the extension of the deadline for the preparation and submission of annual reports of companies until 31 July, 2020.