GEORGIAN STRUCTURE
Choose the type of company you are changing board member in
Pursuant to the Law of Georgia on Entrepreneurs (in Georgian: „საქართველოს კანონი მეწარმეთა შესახებ“) a Limited Liability Company (in Georgian: ”შეზღუდული პასუხისმგებლობის საზოგადოება“) may have one of the following organizational structures:
- One or more Managing Directors (in Georgian: “დირექტორი”)/Board of Directors (in Georgian: “დირექტორთა საბჭო“) and a Supervisory Board (in Georgian: “სამეთვალყურეო საბჭო“).
- One or more Managing Directors/ Board of Directors only.
Please see, respectively, “Managing Directors/Board of Director” and “Supervisory Board” below for a more in-depth description of each structure, including how to change the respective board members.
For a description of how to change the respective board members, please see the individual steps below.
As all information on how to change board members in Georgia on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice before actually changing any board members in Georgia.
Pursuant to the Law of Georgia on Entrepreneurs a Joint Stock Company (in Georgian: „სააქციო საზოგადოება“) may have one of the following organizational structures:
- One or more Managing Directors/Board of Directors and a Supervisory Board.
- One or more Managing Director/Board of Directors only.
Please see, respectively, “Managing Directors/Board of Director” and “Supervisory Board” below for a more in-depth description of each structure, including how to change the respective board members.
For a description of how to change the respective board members, please see the individual steps below.
As all information on how to change board members in Georgia on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice before actually changing any board members in Georgia.
