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In companies, shareholders’ meetings may be ordinary (OSM/"AGO") or extraordinary (ESM/"AGE"). OSM’s must be held once a year within the first four months following the fiscal closing of the previous year’s financial results and must verify the accounts presented by management; examine, discuss, and vote on the financial reports; elect management (the Board of Directors or, if this is not applicable, the Directors) and the members of the Audit Committee (this being the case); deliberate on the destination of the net income of each fiscal year and the distribution of dividends; and approve monetary valuation of capital stock. The ESM’s can be held at any time during the year, including alongside the OSM, to debate on any other matters of interest to the company or to its shareholders.