Updated Mar 17, 2026 by 11 bit studios
11 bit studios S.A. is amending its corporate statutes to shift the Supervisory Board’s role in share acquisitions from direct action to an oversight function requiring formal consent.
The Supervisory Board is now authorized to hire external advisors for audits or analyses, with costs capped at 50% of the board's total compensation from the previous year.
Management Board reporting requirements are being streamlined to replace specific mandatory disclosures with aggregated data on financial, operational, and personnel status.
Terms for both the Management and Supervisory Boards are now explicitly defined as three full financial years.
New procedural protocols allow the Supervisory Board to vote on agenda items not originally scheduled and establish formal rules for leadership succession during absences.
The company is refining its business classification to align with PKD code 93.29.B, which covers specific entertainment and recreational activities.
These governance and administrative changes were scheduled for approval at the Extraordinary General Meeting on December 6, 2022, and take effect upon registration with the National Court Register.
11 bit studios S.A. is amending its corporate statutes to shift the Supervisory Board’s role in share acquisitions from direct action to an oversight function requiring formal consent.
The Supervisory Board is now authorized to hire external advisors for audits or analyses, with costs capped at 50% of the board's total compensation from the previous year.
Management Board reporting requirements are being streamlined to replace specific mandatory disclosures with aggregated data on financial, operational, and personnel status.
Terms for both the Management and Supervisory Boards are now explicitly defined as three full financial years.
New procedural protocols allow the Supervisory Board to vote on agenda items not originally scheduled and establish formal rules for leadership succession during absences.
The company is refining its business classification to align with PKD code 93.29.B, which covers specific entertainment and recreational activities.
These governance and administrative changes were scheduled for approval at the Extraordinary General Meeting on December 6, 2022, and take effect upon registration with the National Court Register.