Commercial Companies Law

Commercial Companies Law — Article 233

The board of directors of a holding company may invite the chairman of the board of directors of any of its subsidiary companies to attend the meetings of the board of directors of the holding company, when considering matters related to the subsidiary company, for expressing his/her remarks or opinions, or to give any explanations or statements requested from him/her. He/she may participate in the discussions without having a countable vote on the resolutions.

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