The terms and amount of the compensation of the chief executive officer are fixed by the board of directors.
Where applicable, benefits in kind attributed to him shall be fixed under the same terms as for the compensation.
Except for wages paid and in kind benefits accorded pursuant to an employment agreement, the chief executive officer may receive no compensation from the company other than as provided for in this article.
The chief executive officer shall not take part in the vote on his compensation and his vote shall not be taken into account for the calculation of quorum and majority.
Any decision taken in violation of this article shall be null.
Absence and removal of the chief executive officer
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 130
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 467 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/2014-01-30/auscgie-2014