Corporate & Commercial

14 June 2021

General shareholders' meeting has sole authority to appoint auditor of voluntary consolidated accounts

In a recent decision, the General Directorate of Legal Affairs reiterated that the power to appoint an auditor of voluntary consolidated accounts lies with a company's general shareholders' meeting. This decision settles a company's appeal of a Jaen registrar's refusal to register its decision to appoint the auditor of its voluntary consolidated accounts because such decision had been issued by its board of directors.

Victoria Vilar Author: Victoria Vilar

Spain | CMS Albiñana & Suárez de Lezo

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