Putin extended permission for businesses not to take into account the votes of unfriendly shareholders
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The official online portal of legal information published a document signed by Russian President Vladimir Putin on the extension of the decree on the possibility for Russian companies not to take into account the votes of “unfriendly” shareholders or members of the board of directors until the end of 2024.
The number of companies that, according to the document, are allowed to take advantage of this concession includes large companies in the fields of energy, engineering and trade, which are under the control of legal entities subject to Western sanctions.
These companies are allowed to make decisions without taking into account the votes of co-owners and shareholders from unfriendly countries.
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