be adopt in the form of a resolution, which must include a justification. Binding instructions issu by parent companies will be disclos in the reports for a given financial year. Changes in the Commercial Companies Code – what to pay attention to? Additionally, the amendment .Assumes that a member of. The management board of a subsidiary .Company will not be liable for damage .Caus (I) by carrying out an order of .The parent company in a manner. Consistent with the code of .Commercial companies or (ii) by acting .In the interest of a group of companies.. The parent company will therefore be liable on a fault basis for damage caus by its binding instructions.
If the damage is not repaired to the subsidiary
within the specifi period – of course, in this context it will also be examined whether the subsidiary had reasons to refuse to comply with the binding order. The condition for the application of this provision is the disclosure of the holding Canada Telemarketing Data company in the register of entrepreneurs of the subsidiary. It is worth pointing out that the exemption from liability will also apply to members of the parent company’s governing bodies if they act in the interest of the group of companies. However, the above exclusion of liability will not apply in every case. Members of the subsidiary’s governing .Bodies will be responsible for.Among others: in the event of compliance .With the so-call an informal .Order (that does not meet the. Conditions specifi in the commercial companies code) or. In a situation where the .Execution of a binding order when.In accordance with the regulations. There were grounds for refusing to execute it.
It should also be remembered that the
introduc provisions do not protect against criminal or administrative liability for members of bodies who act claiming to be exec Vietnam WhatsApp Number List Uting a binding order. Management. Board in companies – changes. Regarding rights and obligations .The amendment also introduces .Certain changes, or rather clarification of existing. Regulations, regarding the method .Of calculating the .Length of the term of. Office of management board members. If a member of the management .Board is appoint for a period longer .Than one year, the mandate. Of the member of the .Management board expires .On the date of the shareholders’ .Meeting approving the financial .Statements for the last full. Financial year of serving .As a member of the. Management board.Unless the company’s. Articles of association provide otherwise.
