Authority of Shareholders Meetings Article 295 At shareholders meetings, the matters provided for in this Act and any and all other matters regarding a Stock Company, such as the organization, operations and administration of a Stock Company, may be resolved.
Notwithstanding the provisions of the preceding paragraph, for a Company with a Board of Directors, only the matters provided for in this Act and the matters provided for in the articles of incorporation may be resolved at a shareholders meeting.
Provisions of the articles of incorporation which provide to the effect that any organization other than the shareholders meeting, such as a board of directors, board of executive officers and board of directors, may determine any matter which, pursuant to the provisions of this Act, requires the resolution at the shareholders meeting are not effective.
