The terms and amount of the compensation of the chairman of board of directors are fixed by the board of directors.
Where applicable, benefits in kind offered to him are fixed under the same terms as for his compensation.
Except for wages paid and in kind benefits accorded pursuant to an employment agreement, the chairman of board of directors may receive no compensation from the company other than as provided for in this article.
The chairman of the board of directors shall not take part in the vote on his compensation and his vote shall not be taken into account for the calculation of quorum and majority.
Any decision taken in violation of this article shall be null.
Absence and removal of the chairman of the board of directors
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 133
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 482 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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