How and why to create the board of directors: Legal implications
According to a survey by the Center for Effective Dispute Resolution (CEDR), 67% of CEOs regularly face conflict on the board. This is often due to vague legal language about responsibility and authority. Alexey Sheverdyakov, a lawyer and a member of the Moscow City Bar Association, will talk about how to minimize the possibility of such conflicts at the stage of creating the board of directors.
The article was prepared on the basis of the Russian legislation, but the algorithm for creating a board of directors is similar in other CIS countries, we will mention all the differences. You can also find out how minimize legal risks for a new company in this article.
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