Frequency and calling of board meetings (art. 267 LGS)
Article 267 of the General Companies Law requires the board to meet at least once every three months, with a meeting to be called at the request of any director.
What article 267
Article 267 governs the frequency and calling of board of directors meetings.
The board shall meet at least once every three (3) months, unless the bylaws require a greater number of meetings, without prejudice to meetings that may be held at the request of any director. In the latter case, the meeting shall be called by the chairperson to be held within five days of receiving the request; failing that, any of the directors may call it.
Source: Law 19,550, art. 267 — InfoLEG (updated official text)
Commentary
This ensures the management body operates regularly (at least quarterly) and that no director is left unable to call a meeting. It underlies the collegiate operation required by article 260.
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