The terms and amount of the compensation of the chief executive officer are fixed by the board
of directors.
Where applicable, benefits in kind attributed to him shall be fixedunder the same terms as for the
compensation.
Except for wages paid and in kind benefits accorded pursuant to an employment agreement,the
chief executive officer may receive no compensation from the company other than as provided
for in this article.
The chief executive officer shall not take part in the vote on his compensation and his vote shall
not be taken into account for the calculation ofquorum and majority.
Any decision taken in violation of this article shall be null.
Absence and removal of the chief executive officer
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 136
Section 467 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/undated/auscgie-2014