Law 5110 Study Guide - Quiz Guide: Proxy Voting, Electronic Voting
Document Summary
Internal structure: dual structure, board of directors, one tier, executive directors, non-executive directors, or, two-tier board structure, board of directors, supervisory board, general meeting of shareholders. Is there a choice yes a choice. Netherlands between a one tier and two tier. For big companies they are obliged to have a supervisory board, or single tier with non-executive directors: subscribed capital + reserves. Yes there is a choice between a one tier and two tier. Aoa and shareholder resolutions, but this has no effect. Gmbh + ag restrictions upon directors have no external effect to third parties. 3rd party effects are only negated if it can be proven the on third parties unless it is proven the third parties knew of the limitation third party knew board represents the company: article. Bw: the competence of representation is granted to each director. Bw: competence of representation is unrestricted and unconditional this refers to third parties.
