The exercise of the shareholders right to information in the Public Limited Companies (S.A.) is modulated by the reform. It is done so in accordance with the principle of good faith, with the understanding of this right as an essential aspect of good governance within companies.
Conflicts of interest are regulated under article 190 of the reformed Companies Act. Conflicts of interest were previously restricted to Limited Liability Companies (S.L.) and have now been expanded by the recent reform to include Public Limited Company’s (S.A.) but with some notable characteristics.
The reformed law has extended the competences and involvement of the General Meeting. Regarding the powers of the General Meeting, the change made to the law is the addition of sub-section f) to Art 160.