Director and at the same time a statutory body? Risk!
2.12.2009Company: Amcham
Overlapping of activities as part of an employment relationship and discharge of the office of a statutory body is illegal but regularly practiced in a number of companies, in particular in the case of the performance of work in the position of a top management's managing employee. Nevertheless, the utilisation of this combination is advantageous only seemingly. In practice it leads to a number of unwanted effects and substantive risks for both the company and and the relevant manager.
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