The first directors shall be designated by the Articles of Association or, where necessary, by the
constituent general meeting.
While the company is in existence the directors shall be nominated by the ordinary general
meeting.
However, in case of a merger, an extraordinary general meeting may appoint new directors.
Any appointment in violation of the provisions of this article shall be null and void.
Paragraph 2
Term of office of directors
Official translation
Spot-checked
In force from 17 April 1997
Source page 102