2.3. The General Shareholders` Meeting as the
main channel for participacion
The primary vehicle for shareholders to participate in the
life of the company is the General Shareholders’Meeting.
BME considers that shareholder participation at Gen-
eral Shareholders’ Meetings is key to its development.
Through the General Shareholders’ Meeting, the compa-
ny’s highest decision-making body, shareholders can ex-
press their wishes and exercise their right to take part in
the decision-taking process in matters within their remit.
Therefore, to allow shareholders to perform the tasks and
exercise the rights corresponding to them, the company
actively encourages their participation in general meet-
ings, adopting the appropriate measures to achieve this
objective. Measures designed to encourage shareholder
participation include:
• No limits on shareholder participation,
which means
any shareholder may attend Shareholders’ Meetings
and exercise their right to vote, regardless of the num-
ber of shares held. BME adheres to the “one share, one
vote” principle, a concept it regards as a basic element
for equality in its relationship with all shareholders
.
• Shareholders are provided with an attendance card,
referenced to the shareholder register, so that they can
actively participate in the Shareholders’Meeting.
• The Electronic Shareholder Forum,
which facilitates
communication among shareholders between call no-
tices of General Shareholders Meetings and the date
they are held.
Shareholders unable to attend meetings in person
are offered
the possibility of taking part in the general
meeting and exercising their right to vote, be repre-
sented and receive information via remote means of
communication.
Additionally, the General Shareholders’ Meeting
is
broadcast live on internet via webcast
accessible on
the “Information for Shareholders and Investors” sec-
tion of the corporate website.
• Participants in the General Meeting may speak during
the proceedings
as the company is open to receiving
comments and opinions during the Meeting and any
shareholder may request information or express an
opinion relating to the items on the agenda.
Quorum/ total participants
Year
2010
2011
2012
Shareholders (Number)
5,330
4,667
5,042
Participants via remote
communication (Total)
Participants via remote
communication (%)
Year
2010
2011
2012
2010
2011
2012
Number of shareholders
4,687
4,017
4,366
87.94% 86.07% 86.59%
Remote voting (Total)
Proxies (Total)
By post
Electronic means
By post
By electronic means
Year
10 11 12 10 11 12 10 11 12 10 11 12
Number of shareholders
1,632 1,368 1,032
22
14
16 3,025 2,620 3,305
8
15
13
39
2
BME shareholders
Corporate and Social
Responsibility
Report 2012
/ BME
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