Private Equity Minority Investments - Universität St.Gallen

Table of Contents1.1.1.4 Removal ................................................................. 2131.1.2 The Right to Attend and to Invitation .......................... 2151.1.3 The Right to Call .......................................................... 2151.1.4 The Right to Participate in Decision Shaping .............. 2151.2 Assessment of Legal Status and Further Need forProtection ........................................................................... 2161.3 Legal Structuring Options .................................................. 2181.3.1 Board Representation Rights via a Separate Class ofShares ........................................................................... 2191.3.1.1 Legal Concept ........................................................ 2191.3.1.2 Qualifying Conditions ........................................... 2191.3.1.3 Election and Removal ............................................ 2201.3.1.4 Limitations ............................................................. 2211.3.1.5 Assessment of Legal Tool ..................................... 2211.3.2 Board Representation Rights via the Articles ofAssociation ................................................................... 2221.3.2.1 Legal Concept ........................................................ 2221.3.2.2 Qualifying Conditions ........................................... 2221.3.2.3 Election and Removal ............................................ 2231.3.2.4 Limitations ............................................................. 2231.3.2.5 Assessment of Legal Tool ..................................... 2231.3.3 Board Representation Rights via Voting Agreements . 2241.3.3.1 Legal Concept ........................................................ 2241.3.3.2 Assessment of Legal Tool ..................................... 2251.3.4 Board Representation via Cumulative Voting andProportional Representation Voting ............................. 2251.3.4.1 Legal Concept ........................................................ 2251.3.4.2 Assessment of Legal Tool ..................................... 2271.3.5 Protection against Removal via High ResolutionRequirements ............................................................... 2281.3.6 Eligibility Criteria for Board Members ........................ 2291.3.6.1 Composition of the Board of Directors ................. 2291.3.6.2 Implementation of Eligibility Criteria ................... 2291.3.6.3 Types of Eligibility Criteria ................................... 2301.3.6.4 Limitations ............................................................. 2321.3.7 Term of Office for Board Members ............................. 2322 Scope of Minority Investor Voice on the Board of Directors .. 2332.1 Statutory Framework .......................................................... 2332.2 Assessment of Legal Status and Further Need forXVII