The chief executive officer shall chair the board of directors and the general meetings.
He is in charge of the general management of the company and represent it in dealings with third parties. He is required to provide each director with all documents and information necessary for the performance of his duties.
For the performance of his duties, he is invested with the broadest powers, which he shall exercise within the limits of the company purpose, and subject to the powers expressly vested to the general meetings or specially reserved to the board of directors by the laws or the articles of association.
In his dealings with third parties, the company is bound by the actions of the chief executive officer that do not fall within the company purpose under the terms and limits set forth in article 122 above.
Provisions of the articles of association, the proceedings of the general meetings or the decisions of the board of directors limiting the powers of the chief executive office shall not be enforceable against bona fide third parties.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 130
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 465 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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