No one shall simultaneously accept more than three (3) appointments as chairman of the board of
directors of public limited companies having their headquarters on the territory of a single State
party.
Likewise, the office of the chairman of the board of directors cannot be cumulated with more
than two (2) positions of general director or general manager of public limited companies having
their headquarters on the territory of a single State party.
The provisions of paragraphs 3 and 4 of article 425 above pertaining to plurality of positions of
director are applicable to the chairman of the board of directors.
Duties and compensation of the chairman of the board of directors
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 133
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 479 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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