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ARTICLE · 07 DECEMBER 2018

Duties And Responsibilities Of A General Manager And A Proxy

In the following the duties and responsibilities of the leading managers of a company, i.e. those of the general manager and a proxy will be compared based on the legal provisions currently in effect.

HungaryCorporate/Commercial Law

 In the following the duties and responsibilities of the leading managers of a company, i.e. those of the general manager and a proxy will be compared based on the legal provisions currently in effect.

Overall duties

The leading managers, such as the general manager of a company shall act individually and upon the interest of the company they are heading. The leading managers are bound to the legal provisions and the resolutions of the main organ of the company. The leading managers may not be instructed by any of the shareholders, nor can they be deprived of their competency by the main organ. However, there is one exception: if the company is a sole-member company, the member may instruct the general manager.

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