Wednesday, 19 August 2026, 07:32
Last update: about 9 minutes ago
A company can only act through its organs. Its board of directors manages it, and the shareholders (through the general meeting) appoint the board. Where a director’s seat is vacated, a new director is typically appointed by the shareholders at a general meeting. However, where the sole director and shareholder of a company are one and the same person, their death brings about a unique governance vacuum that Maltese law does not cater adequately for. The deceased’s shares remain locked in…