The decision on the changes in the composition of the board is taken by the shareholders’ meeting. The number and the scope of the representation rights of the members of the board must comply with that laid down in the articles of association. The board is elected for an indefinite time period, unless a definite time period is laid down in the articles of association. A member of the board is deemed to have been appointed on the date of the decision of the shareholders’ meeting, unless a later date of the appointment is set in the decision.

Documents for submission:

• Application form KR18 (signatures must be certified)
• Minutes of the shareholders’ meeting or shareholder decision (signatures must be certified)
• Consent of the member of the board to hold the office (unless it is contained in the application) (signatures must be certified)
• Notice of the member of the board regarding the resignation if he/she resigns at own initiative
• A receipt or its copy, or a printout of the payment order from online bank or the information on the payment of the state fee
• A receipt or its copy, or a printout of the payment order from online bank or the information on the publication in the official gazette "Latvijas Vēstnesis"