GENERAL MEETINGS – ORDINARY / EXTRAORDINARY

Asamblea General 2014

OBLIGATED TO HONOR THE BYLAWS OF

REAL MADRID CLUB DE FÚTBOL

HERE YOU WILL FIND THE CHAPTER & ARTICLES THAT PERTAIN TO GENERAL MEETINGS, ORDINARY & EXTRAORDINARY

CHAPTER II – GOVERNING AND ADMINISTRATIVE BODIES

ARTICLE 10 – Powers of the Ordinary General Meeting are:

  •  To approve the management of the Board of Directors,  review and approve accounts, approve or reject proposals presented by the Board, establish membership fees & whatever other power not attributed to the Extraordinary General Meeting.

LAST ONE TOOK PLACE IN JANUARY 2015

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EXTRAORDINARY GENERAL MEETING

LAST ONE TOOK PLACE ON 31/JANUARY/2016

ELECTING A NEW BOARD OF DIRECTORS

AMENDING OUR BYLAWS REGARDING ELECTIONS (ART. 11-A, AND 16)

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ARTICLE 10

Powers of the ordinary General Meeting are:

a). To approve the management of the Board of Directors.

b). Review and approve the accounts.

c). Approve or reject proposals presented by the Board of Directors regarding Association’s activities.

d). Establish ordinary and extraordinary membership fees.

e). Whatever other power that is not attributed to the Extraordinary General Meeting.

ARTICLE 11

The following powers correspond to the Extraordinary General Meeting:

a). Appointment of Board members.

b). Amendment of Bylaws.

c). Winding up of the Association.

d). Disposition and alienation of assets.

e). Borrowing money in the form of loans or credit, or issue debt securities, where this involves more than twenty percent of the budget.

f). Expulsion of members at the suggestion of the Board of Directors.

ARTICLE 12

The agreements shall be adopted for a simple majority of votes and by a two thirds majority in the case of Extraordinary General Meeting.