FEMSA Signs Agreement with The Coca -Cola Company
The main purpose of the amendment is to set forth that the appointment and compensation of the chief executive officer and all officers reporting to the chief executive officer, as well as the adoption of decisions.
11 Mar 2010 --- Fomento Económico Mexicano, S.A.B. de C.V. announces that subsidiaries of FEMSA have signed an agreement with subsidiaries of The Coca-Cola Company to amend the Shareholders Agreement for Coca-Cola FEMSA, S.A.B. de C.V..
The main purpose of the amendment is to set forth that the appointment and compensation of the chief executive officer and all officers reporting to the chief executive officer, as well as the adoption of decisions related to the ordinary operations of Coca-Cola FEMSA shall only require a simple majority vote of the board of directors.
Decisions related to extraordinary matters (such as business acquisitions or combinations, among others), shall continue requiring of the vote of the majority of the board of directors, including the affirmative vote of two of the members appointed by The Coca-Cola Company.
These changes will be reflected in the by-laws of Coca-Cola FEMSA that shall be amended in the extraordinary shareholders meeting of Coca-Cola FEMSA to be held on April 14, 2010.
