Chapter 3

Under the conditions laid down by this Regulation an SCE shall comprise:

1. The management organ shall be responsible for managing the SCE and shall represent it in dealings with third parties and in legal proceedings. A…

1. The management organ shall elect a chairman from among its members, in accordance with the statutes.

1. The supervisory organ shall supervise the duties performed by the management organ. It may not itself exercise the power to manage the SCE. The…

1. The management organ shall report to the supervisory organ at least once every three months on the progress and foreseeable developments of the…

1. The supervisory organ shall elect a chairman from among its members. If half of the members are appointed by employees, only a member appointed by…

1. The administrative organ shall manage the SCE and shall represent it in dealings with third parties and in legal proceedings. A Member State may…

1. The administrative organ shall meet at least once every three months, at intervals laid down in the statutes, to discuss the progress of and…

1. The administrative organ shall elect a chairman from among its members. If half of the members are appointed by employees, only a member appointed…

1. Members of SCE organs shall be appointed for a period laid down in the statutes not exceeding six years.

1. An SCE's statutes may permit a company within the meaning of Article 48 of the Treaty to be a member of one of its organs, provided that the law…

1. Where the authority to represent the SCE in dealings with third parties, in accordance with Articles 37(1) and 42(1), is conferred on two or more…

1. An SCE's statutes shall list the categories of transactions requiring:

The members of an SCE's organs shall be under a duty, even after they have ceased to hold office, not to divulge any information which they have…

1. Unless otherwise provided by this Regulation or the statutes, the internal rules relating to quorums and decision-taking in SCE organs shall be as…

Members of management, supervisory and administrative organs shall be liable, in accordance with the provisions applicable to cooperatives in the…

The general meeting shall decide on matters for which it is given sole responsibility by:

Without prejudice to the rules laid down in this section, the organisation and conduct of general meetings together with voting procedures shall be…

1. An SCE shall hold a general meeting at least once each calendar year, within six months of the end of its financial year, unless the law of the…

Members of the SCE who together number more than 5000, or who have at least 10 % of the total number of the votes, may require the SCE to convene a…

1. A general meeting shall be convened by a notice in writing sent by any available means to every person entitled to attend the SCE's general…

Members of the SCE who together number more than 5000, or who have at least 10 % of the total number of the votes, may require that one or more…

1. Every member shall be entitled to speak and vote at general meetings on the points that are included in the agenda.

1. Each member of an SCE shall have one vote, regardless of the number of shares he holds.

1. Every member who so requests at a general meeting shall be entitled to obtain information from the management or administrative organ on the…

1. A general meeting may pass resolutions on items on its agenda. A general meeting may also deliberate and pass resolutions concerning items placed…

1. Minutes shall be drawn up for every general meeting. The minutes shall include at least the following particulars:

1. Where the SCE undertakes different activities or activities in more than one territorial unit, or has several establishments or more than 500…