ILN: ESTABLISHING A BUSINESS ENTITY: AN INTERNATIONAL GUIDE

[ESTABLISHING A BUSINESS ENTITY IN BELGIUM] 60

accounts;

The initiation of claims by the company against its directors; A merger or demerger of the company;

The initiation of claims by the company against its directors; A merger or demerger of the company;

The discharge of the directors, the members of the board of supervision and the statutory auditor; The initiation of claims by the company against its directors

The dividend distributions 2 ;

The dividend distributions;

The acquisition by the company of its own shares³; The dissolution of the company and; Any modification to the articles of association.

The dissolution of the company and; Any modification to the articles of association.

The dividend distributions 1 ;

A merger or demerger of the company;

A capital increase 3 or a capital decrease;

The acquisition by the company of its own shares 4 ; The dissolution of the company and; Any modification to the articles of association.

One share, one vote unless the articles of association provide otherwise. Possibility to issue shares without voting rights.

One share, one vote unless the articles of association provide otherwise. Shares without voting rights are NOT possible.

One share, one vote unless the articles of association provide otherwise. Possibility to issue shares without voting rights.

Voting rights

For listed companies, possibility to issue

2 without prejudice to the competence of the board of directors to distribute interim dividends if allowed by the articles of association

3 without prejudice to the competence of the board of directors to increase the share capital within the authorized capital

4 without prejudice to the competence of the board of directors in this respect, within the limits set by the general shareholders' meeting

ILN Corporate Group – Establishing a Business Entity Series

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