• Font Size:
  • S
  • M
  • L

Article NO. Content


Sample Template for XXX Co., Ltd. Rules Governing the Exercise of Rights and Participation in Resolutions by Juristic Person Shareholders With Controlling Power  CH

Amended Date: 2010.11.10 
Categories: Corporate Governance
Article 18     (Prohibition of offset against damages)
    Pursuant to Article 369-7 of the Company Act, when a juristic person shareholder with controlling power that is a company limited by shares directly or indirectly causes this Corporation to engage in any business operation contrary to normal business practice or for other illegal profit, the juristic person shareholder may not use any of its claims on this Corporation to offset any damages for which it shall be liable to this Corporation.