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Article 44-11
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To hold a virtual-only shareholders' meeting, a company shall meet the following conditions with respect to the meeting:
- There will be no proposal at the shareholders' meeting for election of directors or supervisors.
- There will be no proposal at the shareholders' meeting for discharge of a director or supervisor.
- There will be no proposal at the shareholders' meeting under Article 185 or 316 of the Company Act, Article 18, 27, 29, or 35 of the Business Mergers And Acquisitions Act, or Article 24, paragraph 2, subparagraph 1, or Article 26, paragraph 2, subparagraph 1 of the Financial Holding Company Act.
- If the company's stock is neither listed on the stock exchange nor traded on the OTC market, it shall handle its shareholder services through outsourcing to a professional shareholder services agency.
To hold a hybrid shareholders' meeting, a company shall meet the following conditions with respect to the meeting:
- There will be no proposal at the shareholders' meeting for election of directors or supervisors, or if there is a proposal for election of directors or supervisors, the number of candidates does not exceed the number of seats to be filled in the election.
- There will be no proposal at the shareholders' meeting for discharge of a director or supervisor.
- If the company's stock is neither listed on the stock exchange nor traded on the OTC market, it shall handle its shareholder services through outsourcing to a professional shareholder services agency.
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