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62C H A P T E R I I IThe general shareholders meeting is the supreme body of the company; it canresolve and ratify all the acts and operations of the company and its resolutions willbe carried out by the person the meeting designates, or in the absence of a designation,they will be carried out by the sole director or the board of directors. Thus itshould be understood that the shareholders meeting is a deliberative body and thatthe sole director or the board of directors, as applicable, are bodies that execute theresolutions of the meetings.The general ordinary, general extraordinary, and special shareholders meetings mustbe held in the corporate domicile; otherwise they will be null and void, except in thecase of an Act of God or force majeure, in which cases the meetings can be held outsideof the corporate domicile.The corporate bylaws may establish that the shareholders representing all of the votingshares, or of the special category of shares involved, may adopt resolutions unanimouslyand in writing outside of a meeting. The resolutions so adopted will have the same validityas if they had been adopted by the shareholders in a general or special meeting.The shareholders can be represented in the meetings by representatives, that mayeither belong to the company or not; however, the LGSM prohibits the sole director, themembers of the board of directors and the examiners from representing shares in meetings.This is in order to prevent them from approving their own actions in prejudice tothe shareholders or from hiding relevant information from the shareholders with regardto their actions. Unless otherwise stipulated in the bylaws, the shareholders meetingsshould be presided over by the sole director or the chairman of the board of directors,and in their absence the meetings will be presided over by the person selected by themeeting itself. For every general meeting, minutes should be drafted to be transcribedinto the respective book and signed by the chairman and the secretary of the meetingand by any examiners that attend.When for any reason the minutes of a meeting cannot be transcribed into the minutebook of the company, the minutes shall be notarized before a notary public. Minutes ofgeneral extraordinary shareholders meetings must also be notarized.5.6. The General Ordinary Shareholders MeetingGeneral ordinary shareholders meetings are those held to address any matter that is notreserved by law or by the corporate bylaws to the extraordinary shareholders meeting.The ordinary shareholders meeting should be held at least once a year within the fourmonths following the close of the fiscal year, that is between January 1 and April 30 ofeach year. In the general ordinary shareholders meetings, the following matters will beaddressed, as well as any other matter that is indicated on the agenda and that in accordancewith the LGSM is not reserved to the extraordinary shareholder meetings: