What are the competencies of the board of directors in a limited liability company?
- Competences of the Board of Directors in a Limited Liability Company:
- Demanding the company manager to submit reports on his management activities.
- Examining the company’s logbooks and documents.
- Conducting an inventory of the company’s funds, rights with third parties, and existing goods.
- Monitoring the budget, preparing the annual report, and proposing profit distribution.
- Submitting a report to all partners on their findings before the ordinary general assembly meeting by fifteen days
