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- Revisions to "Practical Guidelines for Holding Virtual Cooperative General Meetings and Board of Directors Meetings"
Revisions to "Practical Guidelines for Holding Virtual Cooperative General Meetings and Board of Directors Meetings"
May 21, 2021
The Ministry of Economy, Trade and Industry (METI) announces that it has made revisions to the "Practical Guidelines for Holding Virtual Cooperative General Meetings and Board of Directors Meetings" (hereinafter referred to as the "Practical Guidelines"). The revisions include additions such as the exporters' and importers' partnerships stipulated in the Export and Import Transaction Act.
Background to the revisions
METI formulated and published the Practical Guidelines on May 14, 2021 in order to promote the convening of virtual-only, and hybrid-type virtual general meetings and board of directors meetings, with regard to cooperatives that are stipulated in the Small and Medium-Sized Enterprise Cooperatives Act and other acts.
Today, it has revised the Export and Import Transaction Act's enforcement regulations so that exporters' and importers' partnerships stipulated in the Act can convene virtual-only cooperative general meetings and board of directors meetings. In order to promote the convening of virtual-only, hybrid-type virtual cooperative general meetings and board of directors meetings with regard to these partnerships as well, the ministry has decided to make necessary revisions in conjunction with the revision of the Ministerial Ordinances. These revisions include adding exporters' and importers' partnerships to the list of cooperatives the Practical Guidelines apply to.
Division in Charge
Regarding cooperatives, etc. based on the Small and Medium-Sized Enterprise Cooperatives Act and Act on the Organization of Small and Medium-Sized Enterprise Associations:
Business Support Division, Business Support Department, Small and Medium Enterprise Agency
Regarding associations based on the Shopping District Promotion Association Act:
Retail and Wholesale Commerce Division, Business Support Department, Small and Medium Enterprise Agency
Regarding other information:
Policy Planning Division, Business Environment Department, Small and Medium Enterprise Agency
Regarding associations based on the Act on Research and Development Partnership Concerning Mining and Manufacturing Technology:
Innovation and Industry-University Collaboration Division, Industrial Science and Technology Policy and Environment Bureau
Regarding associations based on the Export and Import Transaction Act:
Trade Control Policy Division, Trade Control Department, Trade and Economic Cooperation Bureau