Corporate Governance - Shareholders Rights

Shareholders Rights

Exercise of voting rights and shareholder representation

As a means of stimulating the exercise of voting rights by shareholders, before each general meeting and with due regard for legal deadlines, the company widely advertises the dates of the meeting and mails copies of the notice of the meeting and draft proxy and shareholder-grouping letters to its shareholders.
Complementing this, the Bank's institutional site provides both the notice and the proposals of the Corporate Bodies and of such other proposals of which it may be aware, and information is also provided as to the exercise of voting rights by proxy, by means of groups of shareholders or by correspondence, draft proxy letters being provided together with the correspondence-vote ballot papers.

Exercise of voting rights by correspondence or electronic means

Under the terms of Article 27 of BCP's Articles of Association, exercise of voting rights by correspondence or electronic means is free. The methodology to be used in the exercise of voting rights by correspondence or electronic means, is widely advertised both in the notice of the General Meeting and via the Bank's site, where a page is opened during at least one month prior to that of the meeting, providing information on the General Meeting and on the means of taking part.
 

Right to take part in General Meeting

Under the terms of the law and of Article 27 of BCP's Articles of Association, those shareholders evidencing their standing as shareholders on the fifth trading day prior to the date set for the meeting, are entitled to take part in general meetings. The financial institution at which the shares are registered shall evidence this standing, upon request of the shareholder. One share corresponds to 1 vote.
Shareholders may have themselves represented by person of fill legal capacity.

Voting

Ballot results are counted by means of optical reading of a voting card handed to each shareholder or their representative at the time of their registration at the beginning of the meeting.

Limits to the exercise of voting rights, special rights and the existence of agreements

Limits to the exercise of voting are mentioned in the Company By-Laws.
There are no special rights granted to any shareholder, and any agreement is known has existent within the company.

 
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