Proposed reform to the Mexican General Law of Commercial Companies to allow virtual meetings

May 10, 2023 | By Diego Martinez, Álvaro E. Garza-Galván, Federico Álvarez González and Andrés Calderón Reta
The Mexican Senate recently approved the House of Representatives’ Committee’s proposal to reform to the General Law of Commercial Companies (Ley General de Sociedades Mercantiles) to incorporate a legal framework for holding shareholder and board meetings using digital means.

The revised law would allow virtual attendance and participation in shareholder and board meetings through the use of any digital technology.

The reform aims to preserve the principles of equality between traditional and digital means, as well as technology neutrality, and seeks to regulate the use of digital means for recording meeting minutes and other documents.

See our brief summary.