The Legislative Royal Decree 1/2010, of July 2nd, in which the revised text of the Spanish Corporation Law was approved, lays down in article 197 that the shareholders may request from the directors the information or clarification that they consider necessary about the items on the agenda, or may pose in writing any questions they consider appropriate up to and including the seventh day prior to that foreseen for the General Meeting. It is obligatory for the directors to provide the information in writing until the day that the General Meeting is held.
During the general Meeting, the shareholders may verbally request the information or clarification that they consider appropriate about the items on the agenda, and in the event it is not possible to meet the shareholder’s request at that time, the directors are obliged to provide this information in writing within the seven days following the day on which the General Meeting ends.
The directors are obliged to provide the information requested by virtue of the two paragraphs above, except in the cases in which, in the Chairman’s judgement, publishing the requested information would jeopardize the company’s interests.
The law lays down other shareholder rights, the content of which is found in the following articles: the right to complete the agenda of the General Meeting in article 172, the right of representation in article 184 et seq., the right of attendance in article 179 and the right to vote in article 188 et seq.
