What are the restrictions imposed on the board of directors in terms of loan agreements, property sales, mortgage, debtors, conciliation, and arbitration?
The board of directors is prohibited from entering into loan agreements for terms exceeding three years, selling the Company's property or business premises, mortgaging the movable and immovable property of the Company, discharging debtors of the Company from their obligations, entering into amicable conciliation or agreeing on arbitration, unless such acts are authorized under the AOA of the Company or fall within the objects of the Company by nature.