The following shall be subject to the prior authorization of the board of directors:
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any agreement between a public limited company and one of its directors, general managers and deputy general manager;
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any agreement between a company and a shareholder holding a participation greater than or equal to ten percent (10%) of the capital of the company;
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any agreement in which a director, general manager, deputy general manager or a shareholder holding a participation greater than or equal to ten percent (10%) of the capital of the company has an indirect interest or in which he deals with the company through a proxy;
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any agreement between a company and a firm or a legal entity, if one of the directors, general manager, deputy general manager or a shareholder with an investment greater than or equal to ten percent (10%) of the capital of the company is the owner of the firm
or a partner indefinitely liable, manager, director, general director, deputy general
director, general manager, deputy general manager or another manager of the contracting legal entity.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 123
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 438 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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