Commercial Companies Law 2001: Contents

Commercial Companies Law 2001
Commercial Companies Law
Part V — Joint-stock Company
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Article (172)

The company shall be managed by a board of directors the formation and term of which shall be specified in the company's articles of association. The number of board members shall be at least five appointed for a period of three years renewable.

At a request by the board of directors, the Minister of Commerce and Industry may extend the membership term for no more than six months.

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