The International Integrated Educational Services company (IIES) held its extraordinary General Assembly on December 24, 2024, and approved an amendment to Article (13) of its articles of incorporation, to reduce the Board of Directors from five members to three members. 

It will be structured as follows: the company will be managed by a Board of Directors composed of three members, with a membership term of three years, which is renewable. Shareholders will elect the members of the Board of Directors through secret voting.

If the election of a new Board of Directors cannot take place at the specified time, the current board will continue to manage the company until the reasons for the delay are resolved and a new Board is elected.

Each shareholder, whether an individual or a legal entity, may appoint representatives to the Board of Directors in proportion to their shareholdings.

The number of board members selected in this manner will be deducted from the total board membership, and the remaining members will be elected in conjunction with other shareholders. Groups of shareholders may also form alliances to appoint one or more representatives to the Board in proportion to their combined ownership.

These representatives will have the same rights and obligations as the elected members. Furthermore, each shareholder will be responsible for the actions of their representatives concerning the company, its creditors, and other shareholders.