Management Joint Stock Company by the Unitary

Gheorghe Lucian ()
Additional contact information
Gheorghe Lucian: Ovidius University of Constanta, Faculty of Mechanical Engineering, Industrial and Maritime

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 3, 45

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.

Keywords: Management; Administrators; Society; Unitary system (search for similar items in EconPapers)
JEL-codes: K4 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://stec.univ-ovidius.ro/html/anale/ENG/cuprins ... 2012specialissue.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:3:p:45

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().