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Structural division: books › party › CHAPTER FIVE › SECTION ONE
Article 382 — Right to access Additional Information
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ Where a shareholder requests, in addition to documents specified under Article 381 and other provisions of this Code, access to additional information which is necessary to take a position on the agenda submitted for a general meeting, the board shall give the meeting access to the same; however, the board may refuse to provide such information where disclosure of the information is prohibited by law or doing so would in its opinion cause significant damage to the company.
2/ Where the board fails to give information under Sub- Article
(1) of this Article, the shareholder who has made the request may institute court proceedings; The court shall order the board to give the information requested unless the company shows that it has good cause for not disclosing the information.
3/ Where a company is a member of a group of affiliated companies, its obligation to provide information shall also extend to the other members of the affiliated companies; Where the company is a holding company or has direct or indirect effective control over other companies, the obligation to give information shall include the accounts of members of the related group as well as information to be given by their subsidiaries under Sub-Article
(1) of this Article