A natural person, who is a director in his own name or a permanent representative of a legal
entity that is a director, shall not serve simultaneously on more than five (5) boards of directors
of public limited companies having their headquarters in the territory of the same State party.
Notwithstanding the provisions of the first paragraph, shall not be taken into account, the
director’s duties performed by that individual in companies controlled,within the meaning
ofarticle 175 above, by the company in which he is a director.
Any natural person who, upon taking up a new role, infringes the provisions of the first
paragraph of this article shall resign from one of the board of directors within three (3) months of
his appointment.
At the expiration of this period, he shall be deemed to have resigned from his new office and
shall pay back all compensation received, in any form whatsoever, without the validity of the
proceedings in which he took part being called into question.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 125
Section 425 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/undated/auscgie-2014