The Management of a Public Limited Company in Cameroon
Keywords:
OHADA, Cameroon, Commercial companies, Corporate Management, business operators and Public Limited CompanyAbstract
There is a great concern of how companies are managed in Cameroon. Even though laws have been adopted to regulate the management of companies in Cameroon, business operators in the anglophone regions of Cameroon lack sufficient mastery of
the essential rules governing corporate management resulting in poor governance and business failure. It is in this perspective that the article provides clarification of the laws governing corporate management in Cameroon and the statutory duties of those
in charge of the administration of a public limited company (PLC) with the aim to clear the discrepancies between the duties of a managing director/board of directors and an insolvency practitioner. Through the doctrinal, comparative and exploratory research designs, the article clarifies the laws governing corporate management as well as the statutory duties of a managing director and insolvency practitioner and the dividing lines between them. The overall aim of this article is to greatly improve understanding of the rules in relation to corporate management and the statutory duties of those in charge of the administration of a PLC. If the rules are understood and followed, business operators shall be able to build investors’ confidence and escape insolvency. This article is valuable because it offers information not found in the English-language literature.
References
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30 th January 2014 (otherwise called the Companies Act).
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This refers primarily to the North and South West regions of Cameroon.
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see para 1 above.
see paras 3.1 above.
see paras 3.2 above.
Art 20 Insolvency Act.
