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Management Joint Stock Company by the Unitary

Author

Listed:
  • Gheorghe Lucian

    (Ovidius University of Constanta, Faculty of Mechanical Engineering, Industrial and Maritime)

Abstract

According to article 137, section III, subsection I of Law no.31/1990 republished, joint stock company is managed by one or more directors, their number is always odd. When there are more administrators, the law necessarily implies that we are in presence of a board of directors. In an imperative forms in paragraph 2 from article 137 states that joint stock companies whose annual financial statements subject to audit legal obligations are administered at least by 3 directors. Regarding the appointment of directors, provided that this power is ordinary general meeting of shareholders, except the first directors, who are appointed by the association. While performing office administrators may conclude an employment contract with the company and if they have been appointed by the company's employees, their individual employment contract is suspended during the mandate.

Suggested Citation

  • Gheorghe Lucian, 2012. "Management Joint Stock Company by the Unitary," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(3), pages 1-45, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:3:p:45
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    More about this item

    Keywords

    Management; Administrators; Society; Unitary system;
    All these keywords.

    JEL classification:

    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior

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