Board member under an employment contract
Appointment of a board member may, but does not have to entail employing them under an employment contract. The functions within the two relationships are independent. Still, in practice, board members are employed under an employment contract for the purpose of connecting them to the company, ensuring stable remuneration and guaranteeing extra benefits, among others.
A board member under an employment contract acquires all the rights arising from the provisions of the Labour Code.
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