Poland: limitations of the rules of representation of a company — practical solutions
Limiting the rules of representation of a company is one way to secure the company against unauthorised actions on its behalf. How to do this properly?
Decisions on appointment to a management board are driven by not only the professional qualifications of a candidate but also the trust shareholder’s place in the candidate. By law, each management board member (director) may represent the company. Shareholders usually want to protect a company against abuse of this right or against the negative consequences of its performance. One of the ways of solving this challenge is to introduce the value-based rules of representation.
The Polish Companies Code distinguishes between two terms: the right to represent a company and the rules/manner of a company’s representation. Unfortunately, these terms are commonly confused, even in judicial practice…
Click on the link below to read the rest of the Schoenherr briefing.
News from Schoenherr
Briefings from Schoenherr
Slovenian legislation is still lagging behind in transposing the IPPC/IED baseline reporting requirements into national environmental law.
On 25 July 2014, the Polish Parliament passed on an amendment of the Public Procurement Law.