The Counter-Motion

A shareholder of a German stock corporation who disagrees with a proposal of the management can send a Gegenantrag, a counter-motion, with reasons. If it arrives at least 14 days before the annual general meeting, the company must make it available to the shareholders, with the shareholder’s name and the reasons. An umbrella association of critical shareholders was founded in 1986 by groups that criticize large companies. Its members attend general meetings, put counter-motions and speak to the shareholders.

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