Issue 2, 2009

Belyakov V. G. What Should Be the Contract with the Chief Executive Officer of LLC? (The Problems of Corporate Control in LLC) (Case Study)

The case deals with the issues of corporate control from the owner of the company over the managers. The establishment of proper corporate control is one of the top-priority goals in the small LLC (Limited Liability Company). Thus there are certain difficulties caused by specific status of Chief Executive Officer (CEO) — leader of LLC. One of the instruments of such control is the proper employment agreement between the company and the CEO. Keywords: Limited Liability Company, Corporate Control, Employment Agreement, Board of Directors, Chief Executive Officer.

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