What is that?
The General Assembly represents all the associates (authors and publishers) of SABAM. It meets every year at 2.00 p.m. on the third Monday in May. All associates are invited to the General Assembly, but only associates who have returned the attendance report to the registered office in accordance with the required formalities and within the time set may attend (cf. Article 39 of the Statutes) and only the associates who have paid the nominal value of the company share (namely EUR 124) by not less than 60 calendar days before the date of the General Assembly may exercise their voting rights.
The General Assembly has the following powers:
- Appointment and dismissal of the directors, the additional members of the Colleges and the Commission;
- Changing of the statutes and the Global Agreement.
- Approval of the annual accounts.
The General Assembly is chaired by the Chairman of the Board of Directors.
It appoints and dismisses the directors, the additional members of the Colleges and the Commission and the auditor.
It decides on the submission of changes to the statutes and the Global Agreement. It is also empowered to give opinions on proposed changes to the rules of procedure of the KOHS non-profit organisation.
The decisions of the General Assembly take immediate effect unless expressly decided otherwise by the Assembly proper. Changes to the statutes and the Global Agreement come into effect on 1 January of the year following the General Assembly at which the changes were approved.