ROMANIAN STRUCTURE
Choose the type of company you are changing board member in
- Limited Liability Companies
- Joint Stock Companies - one tier system
- Joint Stock Companies - two tier system
Pursuant to the Romanian Companies Law, a Limited Liability Company (in Romanian: “societate cu răspundere limitată”) must have the following organizational structure:
- One or more Managing Directors only (in Romanian: “Administrator”).
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 Romania 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 Romania.
Pursuant to the Romanian Companies Law, a Joint Stock Corporation (in Romanian: “societate pe acțiuni”) may have the following organizational structure:
- A Board of Directors (in Romanian: ”Consiliu de Administrație”) or a Sole Director (in Romanian: ”Administrator”); the Sole Director or the Board of Directors may delegate authority to an Executive Board (in Romanian: ”Directori”) or to a Sole Manager (in Romanian: ”Director General”).
Please see, respectively, “Sole Director/Board of Directors” and “Sole Manager/Executive 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 Romania 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 Romania.
Pursuant to Romanian Companies Law, a Joint Stock Corporation (in Romanian: “societate pe acțiuni”) may have the following organizational structure:
- A Supervisory Board (in Romanian: “Consiliu de Supraveghere”) and Executive Directors (in Romanian: ”Directorat”) or a Managing Director (in Romanian: ”Director General”).
Please see, respectively, “Managing Director/Executive Directors” 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 Romania 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 Romania.
