In compliance to the new Law on Securities, a procedure is established for representaion of shareholders at Shareholder assemblies. In accordance to that procedure, every representative who represents more that 15 shareholders has to request permission from the Securities Comission for so called representative statments and proposal for power of attorny. The Comission's request can inform the firm of all representatives that will attend the assembly.

After approval, every shareholder is sent a representative application and power of attorney which the shareholder fills out and signs, while simultaneously choosing a representative to represent his preferences at the assembly by all points of the daily agenda. Through this process, the representative will simply be a messenger who will set forth your preferences at the Shareholder's assembly.