[ESTABLISHING A BUSINESS ENTITY IN BELGIUM] 57
Director(s) is/are responsible for making major business decisions and overseeing the general affairs of the BV.
exclusive responsibility of the shareholders’ meeting.
the board of supervision is responsible for the general policy and strategy of the NV; the executive board has full management competence, except for those reserved by the law to the shareholders' meeting and/or the board of supervision.
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The board may appoint one or more persons, who can act alone, jointly or collegially, and who are responsible for the daily management.
The board may appoint one or more persons who can act alone, jointly or collegially, and who are responsible for the daily management.
The director(s) may appoint one or more persons who can act alone, jointly or collegially, to run the day-to-day operations of the company.
Daily management
SHAREHOLDERS’ MEETING
Competence
In principle, a number of decisions are reserved by law to the shareholders' meeting, such as:
In principle, a number of decisions are reserved by law to the shareholders' meeting, such as:
In principle, a number of decisions are reserved by law to the shareholders' meeting, such as:
The appointment or dismissal of the director(s); The appointment of the statutory auditor(s); The approval of the annual accounts; The discharge of the director(s) and the statutory auditor; The initiation of claims by the company against its directors; A merger or demerger of the company;
The appointment or dismissal of the director(s); The appointment of the statutory auditor(s); The approval of the annual accounts; The discharge of the director(s) and the statutory auditor; The initiation of claims by the company against its directors;
The appointment or dismissal of the members of the board of directors (if monistic structure) and the members of the board of supervision (if dual structure); The appointment of the statutory auditor(s);
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The approval of the annual accounts;
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The discharge of the directors, the members of the board of supervision and the statutory auditor;
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A merger or demerger of the
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ILN Corporate Group – Establishing a Business Entity Series
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