Lex Cameroon

Uniform Act relating to commercial companies and economic interest groups › Title 1 › Chapter 2

SECTION 431

The ordinary general meeting may grant the directors, as remuneration for their activities, a fixed annual duty allowance which it shall freely determine. Directors who are shareholders shall take part in voting by the meeting and their shares shall be taken into account in computing the quorum and the majority. Unless otherwise provided for in the Articles of Association, the board of directors shall freely share the duty allowances among its members.
Official translation Spot-checked In force from 17 April 1997 Source page 105

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Texte français

This provision has no official French version. You can read an unofficial machine translation — for understanding only, never to quote.

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Section 431 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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