
April 30 , 2025
The General Shareholders’ Meeting is the most important governing body within a company. It is the space where the owners of the business—the shareholders—make decisions about the present and future of the company. Beyond being a legal requirement, it is a key tool for maintaining order, transparency, and strategic focus within the organization.
The Commercial Code distinguishes between ordinary and extraordinary meetings, but there is one that cannot be overlooked: the annual ordinary meeting. This meeting must be held at least once a year and allows shareholders to evaluate the company’s performance, review its financial status, and make critical decisions for its growth.
One of the most important aspects of this meeting is the approval of the fiscal year-end closing. But that’s not all: it also includes an assessment of the management carried out by the administrator or board of directors, decisions on how to handle profits (or losses), and the appointment of key figures such as the external auditor and, in some cases, the tax auditor, who must be registered with the General Directorate of Internal Revenue.
These meetings should not be seen as a mere formality. On the contrary, they are a sign that the company is committed to accountability, internal order, and sound planning. Moreover, they reinforce trust among partners and ensure that everyone is informed about the steps being taken.

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