The ordinary general meeting may grant directors, as compensation for their service, an annual fixed duty allowance, which it fixes freely.
Directors who are shareholders, may take part in the vote of the meeting and their shares are taken into account in the calculation of quorum and majority.
Unless otherwise provided by the articles of association, the board of directors shall freely distribute duty allowances among its members.
The board of directors may grant to the directors who are members of committees provided for in
article 437 hereinafter, a greater share than that of the other directors.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 121
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 →
Section 431 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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