Resolution SCVS-INC-DNCDN-2025-0001, issued by the Superintendence of Companies, Securities, and Insurance of Ecuador on March 7, 2025, introduces a regulatory framework that enables partners and shareholders of Ecuadorian companies to adopt more informed and representative decisions. This rule aims to strengthen corporate governance and the sustainability of businesses.

The resolution redefines the attendance modalities for partners and shareholders to corporate meetings and general assemblies, establishing that they have the right to choose their attendance modality, whether in person or virtually. This provision, which allows for a hybrid attendance format, ensures that shareholders can actively participate in decision-making, regardless of their geographic location. The meeting notice must specify these options, and it is not permitted to limit shareholders’ right to choose or impose attendance exclusively in one format or another.

Meetings where shareholders or partners participate in a hybrid format must be held at the company’s principal office, in the location specified in the meeting notice. However, Universal Meetings or general assemblies of shareholders of simplified joint-stock companies, whether in-person, virtual, or hybrid, may be held in locations other than the company’s registered office, provided that there is a consensus among shareholders regarding the selected venue.

Implementing this regulation represents progress in corporate management and a cultural shift in Ecuadorian organizations toward greater inclusion and adaptability, aligning with international best practices in corporate governance.

María José Urbano