“We advise business owners and executives on the matters related to activities and liabilities of corporate bodies as well as help to resolve related conflict situations.”
Business activity involves complex relations between shareholders, board of directors, company executives and other stakeholders. For effective operation of business, it is important to establish the legal basis and principles of such relations.
The key principles of activities of corporate bodies are accountability and liabilities to shareholders.
Company executives, and in some cases other officials and shareholders, bear administrative and criminal liability for failure to perform their duties.
Obligations of corporate bodies and regulating documents directly depends on the organizational form of the business. For example, for joint-stock companies (CJSCs or OJSCs) and limited liability companies (LLCs), which are the most common organizational forms of business in Russia, company's charter is the main document that sets out the rights and obligations of shareholders and corporate bodies.
More specific requirements to activities of corporate bodies may be reflected in regulations of state authorities or local regulations (corporate policy) of companies. Sometimes it is necessary to regulate relations and liabilities of corporate bodies within several related companies.
Lawspells has extensive experience in development of business management models, revision of the existing management model and decisions of corporate bodies for compliance with law requirements, development of rules regulating corporate bodies activities. We advise business owners and executives on the matters related to activities and liabilities of corporate bodies as well as help to resolve related conflict situations.
Contact Lawspells Law Firm for professional legal support in the field of activities and liabilities of corporate bodies.
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