French Sas Director Powers

Summary

In France, a Power of Attorney can delegate some Director powers, but not all. If a Sole Director of a SAS is unavailable, shareholders must appoint a new Director. Multiple Directors can ensure continuity. To modify SAS Bylaws to add a Director, call a board meeting, obtain shareholder approval, draft amendments, and file with the Commercial Court Registry.

Full Conversation

How do you modify a French SAS Bylaws/Articles of Association, if you only have a Sole Director, when you wish to add another one?
To modify a French SAS Bylaws/Articles of Association to add another director, you typically need to follow these steps:
*. Board Meeting: The Sole Director must call a board meeting to propose the modification.
*. Shareholder Approval: Shareholders must vote on the modification. A majority vote is usually required.
*. Amendment Drafting: Draft the amendment to the Bylaws/Articles of Association to reflect the addition of another director.
*. Filing: Submit the amended Bylaws/Articles of Association to the Commercial Court Registry.
Would you like more details on any of these steps?
Who is the board when you have a Sole Director?
In a Sole Director setup, the Sole Director effectively acts as the entire board. This means all board decisions and responsibilities lie with that individual.
Would you need more information on the responsibilities of a Sole Director or the process for appointing additional directors?