financial years, unless the company agreement provides otherwise. A former member of the management. Board is entitled and obliged to provide. Explanations in the course of preparing .The management report. On the activities and .Financial statements. They include the period of serving .As a member of the management .Board and participation in the shareholders’ .Meeting approving these reports. Unless the resolution of the shareholders.’ meeting provides otherwise.. The amendment also states that resolutions of the management board are recorded in minutes. The minutes should include: agenda, names and surnames of current management board members and the number of votes cast for individual resolutions.
The minutes also include a dissenting
opinion expressed by a member of the management board along with its possible justification. The minutes are signed by at least the member of the management board presiding over the meeting or ordering the vote, unless the company’s arti Cayman Islands Telemarketing Data cles of association or management board regulations provide otherwise. The Amendment specifies the duty of loyalty of a management board member, which has not yet been articulated. When performing his duties, he must exercise due diligence resulting from the professional nature of his activity and remain loyal to the company. Moreover, a member of the management board may not disclose company secrets even after the expiry of his mandate.
Supervisory Boards – new
duties and competences Following the above, it was also regulated that a member of the management board, supervisory board, audit co Taiwan WhatsApp Number List mmittee and liquidator does not violate the obligation to exercise due diligence resulting from the professional nature of his/her activity. If, acting loyally to the company, it acts within the limits of justified economic risk. Including on the basis of information. Analyzes and opinions that should be .Taken into account in the given circumstances. When making a careful assessment. The amendment also treated the scope .Of new duties and powers .Of the supervisory board in quite detail. The amendment grants the supervisory .Board and audit committee. In a limited liability company and .The board of directors .In a simple joint-stock. Company additional powers.
