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Some Considerations Regarding The Revocation Of The Company Director

Author

Listed:
  • Cristina Cojocaru

    (- Law Department, Bucharest University of Economic Studies, Romania)

Abstract

In principle, in Romania, according to current regulations, the director of a company can not address the court against the decision of the general meeting of shareholders through which he/she was revoked from his/her position, regardless of the reasons for the revocation. However, if the director is also the shareholder of that company, he/she may appeal the decision of the general meeting of shareholders, for other reasons than the revocation itself. This is the case even if, by that decision of the general meeting of shareholders it has been decided, inter alia, the revocation of the director. Also, the laws of Romania stipulate that the revoked director has the possibility to claim in court damages if he/she fulfilled correctly the duties as director of the company. At the same time, the article looks at the concept of director, his/her relations with the company and the revocation of the director as general concept.

Suggested Citation

  • Cristina Cojocaru, 2013. "Some Considerations Regarding The Revocation Of The Company Director," Perspectives of Law and Public Administration, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 2(1), pages 66-69, December.
    • Handle: RePEc:sja:journl:v:2:y:2013:i:1:p:66-69
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    More about this item

    Keywords

    company; revocation; director; general meeting of shareholders;
    All these keywords.

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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