No person shall hold simultaneously more than three offices as chairperson of the board of
directors of public limited liability companies having their registered office on the territory of
the same State Party.
In like manner, a term of office as chairperson of the board of directors shall not be held
concurrently with more than two appointments as managing director or General Manager of
public limited companies having their registered office on the territory of the same State Party.
The provisions of paragraphs two and three of Article 425 of this Uniform Act relating to the
plurality of offices as director shall be applicable to the chairperson of the board of directors.
Paragraph 2
Duties and remuneration of the chairperson of the board of directors
Official translation
Spot-checked
In force from 17 April 1997
Source page 115