Commercial Companies Law 2001: Contents

Commercial Companies Law 2001
Commercial Companies Law
Part V — Joint-stock Company
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Article (184)

The board of directors may allocate its duties among its members in accordance with the nature of the company business, and the board shall exclusively have to do the following:

i— Delegate any of its members or a committee from among its members to carry out a specific assignment or more or to supervise one of the company's activities or to exercise some of the powers or authorities granted to the board.
ii— Delegate a member or more to perform actual management, and the board shall specify the powers of the member so delegated.
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