The terms and amount of the remuneration of the general manager are determined by the board of directors.
Where applicable, in kind benefits granted to him are determined under the same terms as his remuneration.
If he is a director, the general manager shall not take part in the vote on his remuneration and his vote shall not be taken into account for the calculation of quorum and majority.
Except for wages paid and in kind benefits granted pursuant to an employment agreement, the general manager may receive no remuneration from the company other than as provided for in this article.
Any decision taken in violation of this article shall be null.
Absence and removal of the general manager
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 135
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 →
Déterminer si le conseil peut valider a posteriori une décision prise sans son autorisation préalable, impactant la validité des charges comptabilisées.
Section 490 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