The Articles of Association must provide for an age limit for the performance of the duties of Chief Executive Officer or Deputy Chief Executive Officer which, in the absence of an express provision, is set at sixty-five years. Any appointment made in breach of the provisions set out in the previous paragraph shall be null and void. When a Chief Executive Officer or a Deputy Chief Executive Officer reaches the…
An individual may not simultaneously hold more than one office as chief executive officer of sociétés anonymes having their registered office on French territory. As an exception to the provisions of the first paragraph: a second term of office as chief executive officer or a term of office as member of the management board or sole chief executive officer may be held in a controlled company within the meaning of…
The Chief Executive Officer may be dismissed at any time by the Board of Directors. The same applies, on the proposal of the Chief Executive Officer, to the Deputy Chief Executive Officers. If the dismissal is decided without just cause, it may give rise to damages, except when the Chief Executive Officer assumes the duties of Chairman of the Board of Directors. When the Chief Executive Officer ceases or is…
I. – The Chief Executive Officer is vested with the broadest powers to act in all circumstances on behalf of the company. He exercises these powers within the limits of the corporate purpose and subject to those powers expressly granted by law to shareholders’ meetings and the Board of Directors. He represents the company in its dealings with third parties. The company is bound even by the acts of the…
It may be stipulated in the articles of any public limited company that it is governed by the provisions of this sub-section. In this case, the company remains subject to all the rules applicable to sociétés anonymes, with the exception of those provided for in articles L. 225-17 to L. 225-56. The introduction in the Articles of Association of this stipulation, or its deletion, may be decided during the existence…
The société anonyme is managed by a Management Board consisting of no more than five members. The composition of the Management Board shall endeavour to seek a balanced representation of women and men. In sociétés anonymes whose capital is less than 150,000 euros, the functions vested in the Management Board may be exercised by a single person. The Management Board shall exercise its functions under the control of a Supervisory…
The members of the Management Board are appointed by the Supervisory Board, which confers on one of them the status of Chairman. When a single person performs the functions devolved to the Management Board, he takes the title of sole Managing Director. On pain of nullity of the appointment, the members of the Management Board or the sole Managing Director shall be natural persons. They may be chosen from outside…
The Articles of Association must provide for an age limit for the performance of the duties of member of the Management Board or sole Managing Director which, in the absence of an express provision, is set at sixty-five years. Any appointment made in breach of the provisions set out in the previous paragraph shall be null and void. When a member of the Management Board or the sole Managing Director…
Members of the Management Board or the sole Managing Director may be dismissed by the General Meeting and, if the Articles of Association so provide, by the Supervisory Board. If the dismissal is decided without just cause, it may give rise to damages. In the event that the person concerned has entered into an employment contract with the company, the dismissal from his duties as a member of the Management…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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