07/21/2008
Ratione temporis: cases of retroactive nominations as managing director create risk for stakeholders
When looking carefully the Mémorial C in Luxembourg (the Luxembourg Corporate Registration) we find various cases of individuals that are appointed managing director retroactively.
Exemple
Board meeting dated 20 May 2003
Appointment of an individual as managing director with retroactive effect to 01 June 2001
Such retroactive nominations are dangerous and should not be authorised as this means that decisions in the meantime may have been taken on an illegal basis which is a risk for stakeholders.
19:30 Posted in Luxembourg | Permalink | Comments (0)
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