The De Facto Manager Versus the Hidden Director (El Administrador de Hecho (SAS) Frente al Director Oculto) (Spanish)
Revist@ e-Mercatoria, Vol. 9, No. 1, 2010
28 Pages Posted: 23 Jul 2010
Date Written: July 22, 2010
Abstract
In an effort to provide a critical position concerning the inclusion of the so called de facto managers mentioned in Statute 1258/2008 as an innovative figure in Colombian legislation, the authors present an overview of the notion of the de facto managers and shadow directors in Comparative Law. The idea is to provide readers with elements to analyze its application and legal consequences in Colombia since they are extending liability of company managers.
Note: downloadable document is in Spanish
Keywords: Simplified Stock Corporations, de Facto Managers, Shadow Director, Liability, Management
JEL Classification: K22
Suggested Citation: Suggested Citation