Quorum requirements for shareholder and board meetings
![](/export/sites/intelligence/goingglobal/images/country-flags/mexico.png)
Mexico
S.A. de C.V.
There are 2 kinds of shareholder meeting:
- General, which include all the shares representing the capital stock of the company and
- Special, which include only a specific class or series of shares.
Both such kinds of shareholders’ meetings are sub-classified in:
- Ordinary, which requires 1/2 of the shares to be represented for deeming as legally convened a meeting, and its resolutions shall be adopted by at least the majority of votes present in a specific meeting and
- Extraordinary, which requires 3/4 of the shares to be represented for deeming as legally convened a meeting, and its resolutions shall be adopted at least, by the shareholders representing 1/2 of the capital stock of the company.
Board of directors shall be considered as legally convened if 1/2 of its members are present in a specific meeting, its resolutions shall be adopted by at least majority of votes.
S. de R.L. de C.V.
There is only 1 kind of partners meeting. Such partners’ meeting requires 1/2 of the capital to be represented for deeming as legally convened a meeting, and its resolutions shall be adopted by at least the majority of votes present in a specific meeting; provided that:
- For amending the corporate bylaws, the vote of the partners representing 3/4 of the social capital is required and
- For amending the corporate purpose or increasing the partners’ obligations, the unanimous vote of all the partners is required.
Board of managers shall be considered as legally convened if 1/2 of its members are present in a specific meeting, its resolutions shall be adopted by at least majority of votes.
S.A.P.I. de C.V.
There are 2 kinds of shareholder meeting:
- General, which include all the shares representing the capital stock of the company and
- Special, which include only a specific class or series of shares.
Both such kinds of shareholders’ meetings are sub-classified in:
- Ordinary, which requires 1/2 of the shares to be represented for deeming as legally convened a meeting, and its resolutions shall be adopted by at least the majority of votes present in a specific meeting and
- Extraordinary, which requires 3/4 of the shares to be represented for deeming as legally convened a meeting, and its resolutions shall be adopted, at least, by the shareholders representing 1/2 of the capital stock of the company.
Board of directors shall be considered as legally convened if 1/2 of its members are present in a specific meeting, its resolutions shall be adopted by at least majority of votes.