Chairing the meeting (art. 242 LGS)
Ordinarily the board chair or replacement presides unless the charter provides otherwise; failing that, the meeting appoints the chair. Court- or authority-called meetings are chaired by the designated official.
What article 242
Article 242 governs who chairs the shareholders’ meeting.
Meetings shall be chaired by the chair of the board or that person’s replacement, unless the charter provides otherwise; failing that, by the person designated by the meeting. When called by a court or supervisory authority, the meeting shall be chaired by the official they designate.
Source: Law 19,550, art. 242 — InfoLEG (updated official text)
Commentary
The chair conducts proceedings, checks quorum and announces results. In a court- or authority-called meeting, an official chair reinforces impartiality.
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