No person shall hold simultaneously more than three offices as Chairperson Managing Director
of public limited companies having their registered office on the territory of the same State Party.
Likewise, a term of office as Chairperson Managing Director shall not be held concurrently with
more than two appointments as Managing Director or General Manager of public limited
companies having their registered office on the territory of the same State Party.
The provisions of paragraphs 2 and 3 of Article 425 of this Uniform Act relating to the plurality
of offices as director shall be applicable to the Chairperson Managing Director.
Paragraph 2
Duties and remuneration of the Chairperson Managing Director
Official translation
Spot-checked
In force from 17 April 1997
Source page 112