Document background
The document "Appointing A Director By Ordinary Resolution" is a fundamental corporate governance instrument used in Austrian companies when shareholders need to formally appoint a new director to the board. It is typically used during annual general meetings or extraordinary general meetings when there is a need to add a new director, replace an existing one, or fill a vacancy. The resolution must comply with the Austrian Stock Corporation Act (Aktiengesetz) and the company's articles of association, requiring a simple majority vote from shareholders. The document includes essential information such as the director's personal details, qualifications, term of appointment, and any specific duties or conditions attached to the role. This resolution forms part of the company's official records and must be filed with the Austrian Commercial Register (Firmenbuch) to formally register the new director's appointment.
