Digitale Generalversammlungen und Verwaltungsratssitzungen

The 19 June 2020 revision of the provisions on the limited by shares company contains various facilitations for the use of technical means in the conduct of general meetings and board meetings. What are the concrete options available and what are the practical implications of these innovations? What do banks need to consider from a prudential perspective? After an overview of the digitization in the mentioned revision, this article first focuses on the use of electronic means at general meetings, followed by an analysis of the use of corresponding instruments at board meetings. Subsequently, this paper examines the question of whether and, if so, which regulatory barriers must be observed by banks. After a presentation of the need for action for existing limited by shares companies, the article concludes with an assessment of the innovations examined.