Proposal by 1/2 of Cooperative Members for Convening an Extraordinary General Meeting

Based on Clauses 1 and 2, Article 31 of the Law on Cooperatives 2012, the provisions are as follows:

The extraordinary general meeting of members is convened by the board of directors, the supervisory board, the supervisor, or a representative member of at least one-third of the total number of members, and the cooperative members convene according to the provisions of Clauses 2, 3, and 4 of this Article.

Clause 2 of this Article stipulates:

The board of directors convenes an extraordinary general meeting of members in the following cases:

a) To handle issues beyond the authority of the board of directors;

b) The board of directors fails to organize a regular meeting after two convocations;

c) At the request of the supervisory board or the supervisor;

d) At the request of at least one-third of the total number of members, and the cooperative members.

Within 15 days from the date of receiving the request from the supervisory board, the supervisor, or the request from at least one-third of the total number of members and the cooperative members, the board of directors must convene an extraordinary general meeting of members.

From the above provisions, only one-third of the total number of cooperative members need to request to convene a general meeting of members, which is sufficient for the board of directors to convene an extraordinary general meeting of members within 15 days from the date of receiving the request from the cooperative members.

Therefore, if half of the total number of members unanimously request to convene, it is certain that the board of directors will convene the meeting.

Respectfully!