Elections procedures for directors shall be freely set by the articles of association, which may provide for a distribution of seats based on the classes of shares. However, and subject to provisions of this uniform Act, this distribution shall neither deprive shareholders from their eligibility to the board, nor deprive of a class of shares of its representation on the board.
Directors may be re-elected unless otherwise provided for by the articles of association.
Any appointment made in violation of the provisions of this article shall be null.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 119
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 424 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
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