<abstract xmlns="http://www.w3.org/1999/xhtml"><p>In order to prevent putting personal interests above the interest of the companies they manage, the legislator provided a set of legal rules of limitations of the management bodies’ and shareholders’ behavior. As such, the conflict of interests can occur either at the exact moment of their nomination in the position of management, either during the exercise of their mandate. Therefore, for such decisions that take into account personal matters, to be avoided, the legal rules contain very particular provisions in order to avoid such circumstances of acting in the detriment of the company, either through limitations of the mandate, either through very strict sanctions, including the incrimination of such deeds.</p></abstract>

In order to prevent putting personal interests above the interest of the companies they manage, the legislator provided a set of legal rules of limitations of the management bodies’ and shareholders’ behavior. As such, the conflict of interests can occur either at the exact moment of their nomination in the position of management, either during the exercise of their mandate. Therefore, for such decisions that take into account personal matters, to be avoided, the legal rules contain very particular provisions in order to avoid such circumstances of acting in the detriment of the company, either through limitations of the mandate, either through very strict sanctions, including the incrimination of such deeds.

The possible conflict of interests existing during the exercise of the mandate of administrator or for the position of shareholder of a company by shares regulated according to law no. 31/1990

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

In order to prevent putting personal interests above the interest of the companies they manage, the legislator provided a set of legal rules of limitations of...

The possible conflict of interests existing during the exercise of the mandate of administrator or for the position of shareholder of a company by shares regulated according to law no. 31/1990

Pubblicato online: 29 nov 2019

Pagine: 1172 - 1179

DOI: https://doi.org/10.2478/picbe-2019-0103

Parole chiave
administrator, mandate, shareholder, conflict of interests, incrimination

© 2019 Andreea Stoican, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The possible conflict of interests existing during the exercise of the mandate of administrator or for the position of shareholder of a company by shares regulated according to law no. 31/1990

Pubblicato online: 29 nov 2019

Pagine: 1172 - 1179

DOI: https://doi.org/10.2478/picbe-2019-0103

Parole chiaveadministrator, mandate, shareholder, conflict of interests, incrimination

© 2019 Andreea Stoican, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Parole chiave
administrator, mandate, shareholder, conflict of interests, incrimination