Limited Liability Companies
Pursuant to the General Corporations Act (in Spanish: “Ley General de Sociedades Mercantiles”), Mexican Limited Liability Companies (in Spanish: “Sociedades de Responsabilidad Limitada” or “S. de R.L.”) may have one of the following organizational structures:
- One or more Managing Directors (a Sole Manager or a Board of Managers) (in Spanish: “gerente único” o “consejo de gerentes”) only; and
- One or more Managing Directors (a Sole Manager or a Board of Managers) and one or more Statutory Examiners (if two or more are appointed, such Statutory Examiners form a Supervisory Board (in Spanish: “consejo de vigilancia”).
Joint Stock Corporations
Pursuant to the General Corporations Act, Mexican Joint Stock Corporations (in Spanish: “Sociedades Anónimas” or “S.A.”) may have one of the following organizational structures:
- A Sole Director or a Board of Directors (in Spanish: “administrador único” o “consejo de administración”) and one or more Statutory Examiners (in Spanish “comisario(s)”).
Please see, respectively, “Managing Directors” and “Sole Director/Board of Directors” in the left side menu for a more in-depth description of each structure, including how to change the respective board members. Please note that “Statutory Examiners” and “Supervisory Board” are not described in more detail at the CBM Site.
Von Wobeser y Sierra, S.C. (“VWyS”) has provided all input about changing board members in Mexico. VWyS is one of the constantly top ranked corporate firms in Mexico. Our corporate team’s varied and extensive experience allows us to regularly advise some of the most important local and global corporations in corporate structures, corporate governance, mergers, acquisitions, spin-offs and other divestitures, corporate and leverage financing, including project finance and leveraged acquisitions, restructurings and other corporate transactions.
For more information about Von Wobeser y Sierra and changing board members in Mexico, please use the below contacts:TEL: (+52) 52581000