Lex Cameroon

Uniform Act relating to commercial companies and economic interest groups › Title 1 › Chapter 3

SECTION 501

The ordinary general meeting of shareholders may grant the managing director a fixed annual duty allowance as remuneration for his activities. The meeting may also grant the Managing Director special remuneration for missions and tasks entrusted to him, or authorize the reimbursement of travel and subsistence costs and expenses incurred in the interest of the company. Benefits in kind granted him, where necessary, shall be fixed in like manner as his remuneration.
Official translation Spot-checked In force from 17 April 1997 Source page 119

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Texte français

This provision has no official French version. You can read an unofficial machine translation — for understanding only, never to quote.

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Section 501 of the Uniform Act relating to commercial companies and economic interest groups /akn/ohada/act/loi/undated/auscgie-1997
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