Page 282 - Albanian law on entrepreuners and companies - text with with commentary

Resolution No. 2 *for *against.
(*Strike out whichever is not desired).
Unless otherwise instructed, the proxy may vote as he/she thinks fit or abstain from voting.
Signed this ............ day of ............ 20.............”.
(3) The written appointment of a proxy or a copy of such authority certified notarially or in
some other way approved by the Directors may be deposited at the company seat or at such
other place within Albania as is specified in the notice convening the meeting or in any
invitation to appoint a proxy sent out by the company in relation to the meeting. The
appointment must be deposited not less than 48 hours before the time for holding the meeting or
adjourned meeting at which the appointed proxy is supposed to vote.
(4) In the case of an appointment contained in an electronic communication to the electronic
address established by Article 4 (3) of this statute, the appointment must be received at this
address not less than 48 hours before the time for holding the meeting or adjourned meeting at
which the appointed proxy is supposed to vote;.

Article 17: Nomination of Independent Certified Statutory Auditors
(1) The General Meeting, on proposal of the Board of Directors, nominates one or more natural
persons or an audit firm to be the company’s independent certified statutory auditors for three
consecutive years in accordance with Article 135 (2) no. 4 of the Law. The nomination shall be
individually the subject of an ordinary resolution which, if passed leads to the election of the
nominated person as Statutory Auditor.
(2) During the term of appointment, the statutory auditors may only be dismissed on reasonable
grounds. Divergence of opinions on accounting treatments or audit procedures proper shall not
be proper grounds for dismissal.
(3) The statutory auditor or audit firm shall report to the Board’s audit committee as of Article
20(3) of this Statute on key matters arising from the statutory audit, and in particular on material
weaknesses in internal control in relation to the financial reporting process.
(4) The following persons are nominated the first Statutory Auditors until election by the first
ordinary General Meeting in accordance with Article 135 (2) no. 3 of the Law
(Identification data):
-
-
-
…

Title IV
Board of Directors and Managing Directors

Article 18: Nomination of Board Members
(1) The General Meeting nominates at least three or a higher uneven number, but not more than
21 natural persons as members of the Board of Directors in accordance with Articles 135 (2),

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