Chemanol shareholders approve 2020 board, audit reports

Shareholders of Methanol Chemicals Co. (Chemanol) approved the board and auditor reports, as well as financial statements for 2020, during the ordinary general meeting (OGM) held on June 9, 2021, according to a bourse filing.

Shareholders also discharged the board members from liability for 2020.

They also appointed an external auditor to review the financial statements for Q2, Q3 and Q4 2021 and Q1 2022.

During the meeting, shareholders also approved delegating to the board of directors the powers of the general assembly stipulated under the Companies Law, for a period of one year starting from the date of the approval by the general assembly or until the end of the delegated board of directors’ term, whichever is earlier.