No one shall simultaneously accept more than three (3) appointments as chairman of the board of
directors of public limited companies having their headquarters on the territory of a single State
party.
Likewise, the office of the chairman of the board of directors cannot be cumulated with more
than two (2) positions of general director or general manager of public limited companies having
their headquarters on the territory of a single State party.
The provisions of paragraphs 3 and 4 of article 425 above pertaining to plurality of positions of
director are applicable to the chairman of the board of directors.
P. 139 of 267
Duties and compensation of the chairman of the board of directors
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 138
Section 479 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/undated/auscgie-2014