Articles by Olga Lazareva Deputy Director Yakovlev Partners Law Offices

Board Member Remuneration – A Conflict of Civil and Labor Law

In accordance with Article 64 (2) of the Federal Law On Joint Stock Companies and Article 32 (2) of the Federal Law On Limited Liability Companies members of the board of directors (BOD members) are entitled to remuneration and/or compensation of expenses connected with participating in meetings of board of directors (travel costs, etc).