An SARL is managed by one or more managers. A manager must be an individual, and may be either a shareholder or a non-shareholder. He is appointed in the articles of association or, during the life of the company, by the majority of the shareholders holding more than one-half of the registered capital.
Appointment, term of office and revocation
A manager is appointed for four years unless the articles of association provide otherwise, and his term of office is renewable. His tenure may be revoked by a decision of shareholders holding more than one-half of the company’s shares.
Powers
Managers may perform any acts of management in the interests of the company unless the articles of association restrict their powers. If there are several managers, an objection by one manager to the acts of another manager cannot be relied upon as against third parties, unless such third parties were aware of the objection.
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