{"id":15164,"date":"2025-02-24T10:26:28","date_gmt":"2025-02-24T10:26:28","guid":{"rendered":"https:\/\/seegman.com\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/"},"modified":"2025-02-24T10:26:29","modified_gmt":"2025-02-24T10:26:29","slug":"requirements-for-the-appointment-of-non-remunerated-executive-directors","status":"publish","type":"post","link":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/","title":{"rendered":"Requirements for the appointment of non-remunerated executive directors"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15164\" class=\"elementor elementor-15164 elementor-15157\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-aeb57ba elementor-section-height-min-height elementor-section-content-middle elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"aeb57ba\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7c289b3\" data-id=\"7c289b3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-66ee9c0 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"66ee9c0\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-5bfa664\" data-id=\"5bfa664\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50b0ecd elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"50b0ecd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Requirements for the appointment of non-remunerated executive directors<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-09b7820\" data-id=\"09b7820\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4d0c1ad elementor-section-height-min-height elementor-section-items-stretch elementor-reverse-tablet elementor-section-content-top elementor-section-boxed elementor-section-height-default\" data-id=\"4d0c1ad\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2966d49\" data-id=\"2966d49\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e7733ef elementor-widget elementor-widget-text-editor\" data-id=\"e7733ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>Judgment no. 311\/2024 of the Madrid Provincial Court of 4 October 2024 analyses the requirements of article 249.3 of the LSC on the appointment of unpaid managing directors in a family company, establishing that the absence of a contract does not invalidate the appointments of the managing directors, as they do not receive remuneration for their functions.<\/em><\/p>\n<p>In this case, the resolutions of the board of directors appointing three managing directors without the conclusion of the contract provided for in the aforementioned article were challenged. This provision establishes that, for the appointment of a managing director, the company must enter into a contract with the managing director, approved by the board of directors with the favourable vote of at least two thirds of its members.<\/p>\n<p>The Provincial Court rejected the interpretation of the Directorate General for Legal Certainty and Public Faith contained in resolutions of 2018, which defended the need to enter into the contract regardless of whether the CEO&#8217;s position was remunerated. Instead, the Provincial Court considered that the requirement of such a contract is intended to ensure the proper documentation and approval of the remuneration regime of the managing directors for the performance of additional executive functions.<\/p>\n<p>To justify this conclusion, the Court relied on the 2013 Study of the Committee of Experts on Corporate Governance, the origin of the reform introduced by Law 31\/2014. According to this study, sections 3 and 4 of article 249 LSC were incorporated to specifically regulate the remuneration of directors who perform executive functions, highlighting that the signing of the contract responds exclusively to this purpose.<\/p>\n<p>The Court concluded that, when the position of managing director is free of charge, the requirement to sign a contract is not justified, as its purpose is to regulate the additional remuneration associated with the exercise of executive functions. Therefore, in the case under analysis, the absence of a contract does not invalidate the appointments of the managing directors, as they do not receive remuneration for their functions.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-aa8a01e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aa8a01e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1a6805f\" data-id=\"1a6805f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d92145 elementor-align-left elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"9d92145\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/seegman.com\/wp-content\/uploads\/2025\/02\/Requisitos_nombramiento_consejeros.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-download\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">DOWNLOAD<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f944d18\" data-id=\"f944d18\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-752a4d4 elementor-align-right elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"752a4d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.poderjudicial.es\/search\/AN\/openDocument\/5b5765538e41e8bba0a8778d75e36f0d\/20241211\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fab fa-readme\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">SEE  SENTENCE<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5874b56 elementor-section-height-min-height elementor-section-items-stretch elementor-reverse-tablet elementor-section-content-top elementor-section-boxed elementor-section-height-default\" data-id=\"5874b56\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e452e7a\" data-id=\"e452e7a\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3db9f20 elementor-share-buttons--view-icon elementor-share-buttons--skin-flat elementor-share-buttons--shape-circle elementor-share-buttons--color-custom elementor-grid-0 elementor-widget elementor-widget-share-buttons\" data-id=\"3db9f20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-grid\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_linkedin\" role=\"button\" tabindex=\"0\" aria-label=\"Share on linkedin\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fab fa-linkedin\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ad57e70 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ad57e70\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c880adc\" data-id=\"c880adc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ae0aaf elementor-widget elementor-widget-heading\" data-id=\"1ae0aaf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">More Technical Articles<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-650ed96 elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-posts__hover-gradient elementor-widget elementor-widget-posts\" data-id=\"650ed96\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;pagination_type&quot;:&quot;numbers&quot;,&quot;cards_columns&quot;:&quot;3&quot;,&quot;cards_columns_tablet&quot;:&quot;2&quot;,&quot;cards_columns_mobile&quot;:&quot;1&quot;,&quot;cards_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:35,&quot;sizes&quot;:[]},&quot;cards_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;cards_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.cards\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-cards elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-22288 post type-post status-publish format-standard has-post-thumbnail hentry category-all category-article category-article-tec category-small-market-ma-en tag-article\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/seegman.com\/en\/how-to-structure-deferred-payments-and-cross-guarantees-in-small-market-ma-transactions\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_3-300x169.jpg\" class=\"attachment-medium size-medium wp-image-9518\" alt=\"Sliders 23 1\" srcset=\"https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_3-300x169.jpg 300w, https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_3-1024x576.jpg 1024w, https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_3-768x432.jpg 768w, https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_3-1536x864.jpg 1536w, https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_3.jpg 1920w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/seegman.com\/en\/how-to-structure-deferred-payments-and-cross-guarantees-in-small-market-ma-transactions\/\" >\n\t\t\t\tHow to structure deferred payments and cross-guarantees in small-market M&#038;A transactions\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>In small-market M&amp;A transactions, deferring part of the purchase price is not an exception but a common feature of the deal structure. It reflects not<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/seegman.com\/en\/how-to-structure-deferred-payments-and-cross-guarantees-in-small-market-ma-transactions\/\" aria-label=\"Read more about How to structure deferred payments and cross-guarantees in small-market M&#038;A transactions\" tabindex=\"-1\" >\n\t\t\tREAD MORE \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-21743 post type-post status-publish format-standard has-post-thumbnail hentry category-all category-article category-article-tec category-tax tag-article\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/seegman.com\/en\/stock-options-rsus-and-phantom-shares-for-individuals-relocating-to-spain-key-tax-considerations\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"300\" height=\"146\" src=\"https:\/\/seegman.com\/wp-content\/uploads\/2022\/12\/textura-300x146.jpg\" class=\"attachment-medium size-medium wp-image-8575\" alt=\"textura\" srcset=\"https:\/\/seegman.com\/wp-content\/uploads\/2022\/12\/textura-300x146.jpg 300w, https:\/\/seegman.com\/wp-content\/uploads\/2022\/12\/textura-1024x498.jpg 1024w, https:\/\/seegman.com\/wp-content\/uploads\/2022\/12\/textura-768x373.jpg 768w, https:\/\/seegman.com\/wp-content\/uploads\/2022\/12\/textura.jpg 1160w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/seegman.com\/en\/stock-options-rsus-and-phantom-shares-for-individuals-relocating-to-spain-key-tax-considerations\/\" >\n\t\t\t\tStock options, RSUs and phantom shares for individuals relocating to Spain: key tax considerations\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Equity compensation plans raise particularly complex tax questions when the beneficiary relocates to Spain. In these cases, it is not enough to look at the<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/seegman.com\/en\/stock-options-rsus-and-phantom-shares-for-individuals-relocating-to-spain-key-tax-considerations\/\" aria-label=\"Read more about Stock options, RSUs and phantom shares for individuals relocating to Spain: key tax considerations\" tabindex=\"-1\" >\n\t\t\tREAD MORE \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-21490 post type-post status-publish format-standard has-post-thumbnail hentry category-all category-article category-article-tec category-business-law tag-article\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/seegman.com\/en\/private-limited-company-or-public-limited-company-in-portugal-practical-guide-for-investors\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_1_2-300x169.jpg\" class=\"attachment-medium size-medium wp-image-9520\" alt=\"Sliders 23 1\" srcset=\"https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_1_2-300x169.jpg 300w, https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_1_2-1024x576.jpg 1024w, https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_1_2-768x432.jpg 768w, https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_1_2-1536x864.jpg 1536w, https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_1_2.jpg 1920w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/seegman.com\/en\/private-limited-company-or-public-limited-company-in-portugal-practical-guide-for-investors\/\" >\n\t\t\t\tPrivate limited company or public limited company in Portugal: practical guide for investors\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Investors setting up a company in Portugal usually end up choosing between two corporate forms: the private limited company (sociedade por quotas, Lda.) and the<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/seegman.com\/en\/private-limited-company-or-public-limited-company-in-portugal-practical-guide-for-investors\/\" aria-label=\"Read more about Private limited company or public limited company in Portugal: practical guide for investors\" tabindex=\"-1\" >\n\t\t\tREAD MORE \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t<div class=\"e-load-more-anchor\" data-page=\"1\" data-max-page=\"55\" data-next-page=\"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/posts\/15164\/page\/2\/\"><\/div>\n\t\t\t\t<nav class=\"elementor-pagination\" aria-label=\"Pagination\">\n\t\t\t<span aria-current=\"page\" class=\"page-numbers current\"><span class=\"elementor-screen-only\">Page<\/span>1<\/span>\n<a class=\"page-numbers\" href=\"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/posts\/15164\/page\/2\/\"><span class=\"elementor-screen-only\">Page<\/span>2<\/a>\n<a class=\"page-numbers\" href=\"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/posts\/15164\/page\/3\/\"><span class=\"elementor-screen-only\">Page<\/span>3<\/a>\n<a class=\"page-numbers\" href=\"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/posts\/15164\/page\/4\/\"><span class=\"elementor-screen-only\">Page<\/span>4<\/a>\n<a class=\"page-numbers\" href=\"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/posts\/15164\/page\/5\/\"><span class=\"elementor-screen-only\">Page<\/span>5<\/a>\t\t<\/nav>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Judgment no. 311\/2024 of the Madrid Provincial Court of 4 October 2024 analyses the requirements of article 249.3 of the LSC on the appointment of unpaid managing directors in a family company, establishing that the absence of a contract does not invalidate the appointments of the managing directors, as they do not receive remuneration for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[79,100],"tags":[87],"class_list":["post-15164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-corporate-governance","tag-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Requirements for the appointment of non-remunerated executive directors<\/title>\n<meta name=\"description\" content=\"Judgment no. 311\/2024 of the Madrid Provincial Court of 4 October 2024 analyses the requirements of article 249.3 of the LSC\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Requirements for the appointment of non-remunerated executive directors\" \/>\n<meta property=\"og:description\" content=\"Judgment no. 311\/2024 of the Madrid Provincial Court of 4 October 2024 analyses the requirements of article 249.3 of the LSC\" \/>\n<meta property=\"og:url\" content=\"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/\" \/>\n<meta property=\"og:site_name\" content=\"Seegman\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-24T10:26:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-24T10:26:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_1_2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/requirements-for-the-appointment-of-non-remunerated-executive-directors\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/requirements-for-the-appointment-of-non-remunerated-executive-directors\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/#\\\/schema\\\/person\\\/bd2086bb3aece3d818d08a6d4b7c179f\"},\"headline\":\"Requirements for the appointment of non-remunerated executive directors\",\"datePublished\":\"2025-02-24T10:26:28+00:00\",\"dateModified\":\"2025-02-24T10:26:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/requirements-for-the-appointment-of-non-remunerated-executive-directors\\\/\"},\"wordCount\":337,\"publisher\":{\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/requirements-for-the-appointment-of-non-remunerated-executive-directors\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/seegman.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/sliders_23_1_2.jpg\",\"keywords\":[\"Article\"],\"articleSection\":[\"Article\",\"Corporate Governance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/requirements-for-the-appointment-of-non-remunerated-executive-directors\\\/\",\"url\":\"https:\\\/\\\/seegman.com\\\/en\\\/requirements-for-the-appointment-of-non-remunerated-executive-directors\\\/\",\"name\":\"Requirements for the appointment of non-remunerated executive directors\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/requirements-for-the-appointment-of-non-remunerated-executive-directors\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/requirements-for-the-appointment-of-non-remunerated-executive-directors\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/seegman.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/sliders_23_1_2.jpg\",\"datePublished\":\"2025-02-24T10:26:28+00:00\",\"dateModified\":\"2025-02-24T10:26:29+00:00\",\"description\":\"Judgment no. 311\\\/2024 of the Madrid Provincial Court of 4 October 2024 analyses the requirements of article 249.3 of the LSC\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/requirements-for-the-appointment-of-non-remunerated-executive-directors\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/seegman.com\\\/en\\\/requirements-for-the-appointment-of-non-remunerated-executive-directors\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/requirements-for-the-appointment-of-non-remunerated-executive-directors\\\/#primaryimage\",\"url\":\"https:\\\/\\\/seegman.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/sliders_23_1_2.jpg\",\"contentUrl\":\"https:\\\/\\\/seegman.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/sliders_23_1_2.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Sliders 23 1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/requirements-for-the-appointment-of-non-remunerated-executive-directors\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/seegman.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Requirements for the appointment of non-remunerated executive directors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/seegman.com\\\/en\\\/\",\"name\":\"Seegman\",\"description\":\"Servicios jur\u00eddicos de calidad para una inversi\u00f3n exigente.\",\"publisher\":{\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/seegman.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/#organization\",\"name\":\"Seegman\",\"url\":\"https:\\\/\\\/seegman.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/seegman.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/logo_seegman_white.png\",\"contentUrl\":\"https:\\\/\\\/seegman.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/logo_seegman_white.png\",\"width\":600,\"height\":112,\"caption\":\"Seegman\"},\"image\":{\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/seegman.com\\\/en\\\/#\\\/schema\\\/person\\\/bd2086bb3aece3d818d08a6d4b7c179f\",\"name\":\"admin\",\"sameAs\":[\"https:\\\/\\\/test.micrositeserver.com\"],\"url\":\"https:\\\/\\\/seegman.com\\\/en\\\/author\\\/luis_jkmt4g0n\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Requirements for the appointment of non-remunerated executive directors","description":"Judgment no. 311\/2024 of the Madrid Provincial Court of 4 October 2024 analyses the requirements of article 249.3 of the LSC","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/","og_locale":"en_US","og_type":"article","og_title":"Requirements for the appointment of non-remunerated executive directors","og_description":"Judgment no. 311\/2024 of the Madrid Provincial Court of 4 October 2024 analyses the requirements of article 249.3 of the LSC","og_url":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/","og_site_name":"Seegman","article_published_time":"2025-02-24T10:26:28+00:00","article_modified_time":"2025-02-24T10:26:29+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_1_2.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/#article","isPartOf":{"@id":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/"},"author":{"name":"admin","@id":"https:\/\/seegman.com\/en\/#\/schema\/person\/bd2086bb3aece3d818d08a6d4b7c179f"},"headline":"Requirements for the appointment of non-remunerated executive directors","datePublished":"2025-02-24T10:26:28+00:00","dateModified":"2025-02-24T10:26:29+00:00","mainEntityOfPage":{"@id":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/"},"wordCount":337,"publisher":{"@id":"https:\/\/seegman.com\/en\/#organization"},"image":{"@id":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/#primaryimage"},"thumbnailUrl":"https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_1_2.jpg","keywords":["Article"],"articleSection":["Article","Corporate Governance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/","url":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/","name":"Requirements for the appointment of non-remunerated executive directors","isPartOf":{"@id":"https:\/\/seegman.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/#primaryimage"},"image":{"@id":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/#primaryimage"},"thumbnailUrl":"https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_1_2.jpg","datePublished":"2025-02-24T10:26:28+00:00","dateModified":"2025-02-24T10:26:29+00:00","description":"Judgment no. 311\/2024 of the Madrid Provincial Court of 4 October 2024 analyses the requirements of article 249.3 of the LSC","breadcrumb":{"@id":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/#primaryimage","url":"https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_1_2.jpg","contentUrl":"https:\/\/seegman.com\/wp-content\/uploads\/2023\/12\/sliders_23_1_2.jpg","width":1920,"height":1080,"caption":"Sliders 23 1"},{"@type":"BreadcrumbList","@id":"https:\/\/seegman.com\/en\/requirements-for-the-appointment-of-non-remunerated-executive-directors\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seegman.com\/en\/"},{"@type":"ListItem","position":2,"name":"Requirements for the appointment of non-remunerated executive directors"}]},{"@type":"WebSite","@id":"https:\/\/seegman.com\/en\/#website","url":"https:\/\/seegman.com\/en\/","name":"Seegman","description":"Servicios jur\u00eddicos de calidad para una inversi\u00f3n exigente.","publisher":{"@id":"https:\/\/seegman.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/seegman.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/seegman.com\/en\/#organization","name":"Seegman","url":"https:\/\/seegman.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seegman.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/seegman.com\/wp-content\/uploads\/2020\/05\/logo_seegman_white.png","contentUrl":"https:\/\/seegman.com\/wp-content\/uploads\/2020\/05\/logo_seegman_white.png","width":600,"height":112,"caption":"Seegman"},"image":{"@id":"https:\/\/seegman.com\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/seegman.com\/en\/#\/schema\/person\/bd2086bb3aece3d818d08a6d4b7c179f","name":"admin","sameAs":["https:\/\/test.micrositeserver.com"],"url":"https:\/\/seegman.com\/en\/author\/luis_jkmt4g0n\/"}]}},"_links":{"self":[{"href":"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/posts\/15164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/comments?post=15164"}],"version-history":[{"count":1,"href":"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/posts\/15164\/revisions"}],"predecessor-version":[{"id":15165,"href":"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/posts\/15164\/revisions\/15165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/media\/9520"}],"wp:attachment":[{"href":"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/media?parent=15164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/categories?post=15164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seegman.com\/en\/wp-json\/wp\/v2\/tags?post=15164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}