This proxy is used by a partner(s)/shareholder(s) of the company to authorize an individual to attend the general assembly meeting on behalf of him/them and vote on decisions.
According to Article 180 of Federal Decree-Law No. 32 of 2021 on Commercial Companies, any shareholder who has the right to attend the general assembly may delegate to this effect any person elected by such shareholder, other than a board member, under a special written proxy. A proxy of a number of shareholders shall not hold in this capacity over (5%) of the capital of the company.
This document is intended for use in the United Arab Emirates.
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.