Council Regulation (EC) No 2157/2001Show full title

Council Regulation (EC) No 2157/2001 of 8 October 2001 on the Statute for a European company (SE)

Section 2U.K.The one-tier system

Article 43U.K.

1.The administrative organ shall manage the [F1UK Societas]. F2...

2.[F3Subject to regulation 64 of the 2004 Regulations] the number of members of the administrative organ or the rules for determining it shall be laid down in the [F4UK Societas's] statutes. F5...

The administrative organ shall, however, consist of at least three members where employee participation is regulated in accordance with

[F6(a)for England and Wales and for Scotland, the 2009 Employee Involvement (GB) Regulations;

(b)for Northern Ireland, the 2009 Employee Involvement (NI) Regulations.]

3.The member or members of the administrative organ shall be appointed by the general meeting. The members of the first administrative organ may, however, be appointed by the statutes. This shall apply without prejudice to Article 47(4) or to any employee participation arrangements determined pursuant to

[F7(a)Part 3 of the 2004 Regulations, as they had effect at the time those arrangements were determined;

(b)for England and Wales and for Scotland, the 2009 Employee Involvement (GB) Regulations;

(c)for Northern Ireland, the 2009 Employee Involvement (NI) Regulations.]

F84.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

Article 44U.K.

1.The administrative organ shall meet at least once every three months at intervals laid down by the statutes to discuss the progress and foreseeable development of the [F9UK Societas's] business.

2.Each member of the administrative organ shall be entitled to examine all information submitted to it.

Textual Amendments

Article 45U.K.

The administrative organ shall elect a chairman from among its members. If half of the members are appointed by employees, only a member appointed by the general meeting of shareholders may be elected chairman.