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Nicoleta-Rodica DOMINTE: The legal settlement of the administrators' status in the European legislation

Abstract: Within the European area, the legislation referring to companies differs from one country to another. Therefore, the European Union has started the process of harmonization. As a result, the "Societas Europaea" means a unique type of company at the community level. Administrators represent the management board of the company. The status of the administrators of a public company is regulated both at national, as well as at the community level. The Council Regulation (EC) no 2157/2001 on the Statute for European company (SE) represents a uniform legislation concerning public companies. The Council Regulation (EC) no 2157/2001 legislates on the two well known European systems: the traditional and the modern organization. The French system, entitled the one-tier system, consists of a general meeting of shareholders and an administrative board, while the German one, known as the two-tier system, is represented by a general meeting of shareholders, a supervisory and a management board.

Key-words: Societas Europaea, administrators, shareholders.


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