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Article R225-46 of the French Commercial code

Unless otherwise stipulated in the Articles of Association, a member of the Supervisory Board may give a proxy, in writing, to another member to represent him or her at a meeting of the Board. Each member of the Supervisory Board may hold, during a single meeting, only one of the proxies received by application of the preceding paragraph. The provisions of the preceding paragraphs apply to the permanent representative of…

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Article R225-47 of the French Commercial code

An attendance register is kept which is signed by the members of the supervisory board attending the board meeting and which mentions the names of the members of the supervisory board deemed to be present within the meaning of the third paragraph of Article L. 225-82. The attendance register may be kept in electronic form; in this case, the register shall be signed by means of an electronic signature that…

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Article R225-49 of the French Commercial code

The deliberations of the supervisory board are recorded in minutes drawn up in a special register kept at the registered office and listed and initialled either by a judge of the commercial court, a judge of the judicial court, or by the mayor of the municipality of the registered office or a deputy mayor, in the ordinary form and without charge. However, the minutes may be drawn up on loose-leaf…

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Article R225-50 of the French Commercial code

The minutes of the meeting shall indicate the names of the members of the Supervisory Board who are present, deemed to be present within the meaning of the third paragraph of article L. 225-82, excused or absent. It shall state the presence or absence of persons called to the Board meeting by virtue of a legal provision and the presence of any other person who attended all or part of…

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Article R225-51 of the French Commercial code

Copies or extracts of the minutes of the deliberations are certified by the chairman of the supervisory board, the vice-chairman of the supervisory board, a member of the management board or a proxy authorised for this purpose. During the liquidation of the company, such copies or extracts shall be certified by a single liquidator. The certification may be made by means of an electronic signature that complies at least with…

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Article R225-53 of the French Commercial code

The Supervisory Board may authorise the Management Board to grant sureties, endorsements or guarantees on behalf of the company, up to a total amount that it shall determine. This authorisation may also set, for each commitment, an amount in excess of which the company’s surety, endorsement or guarantee may not be given. Where a commitment exceeds either of the amounts thus set, the authorisation of the Supervisory Board is required…

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Article R225-56 of the French Commercial code

The Supervisory Board may confer on one or more of its members any special mandates for one or more specific purposes. It may decide to set up committees from among its members, the composition and powers of which it shall determine and which shall carry out their activities under its responsibility, without the purpose of these powers being to delegate to a committee the powers which are attributed to the…

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