In Estonia 2 organizational structures exist pursuant to the Estonian Commercial Code:
- A Supervisory Board (in Estonian: “nõukogu”) and an Executive Board (in Estonian: “juhatus”).
- An Executive Board only.
Generally, 2 types of Limited Liability Companies exist in Estonia: A Public Limited Liability Company and a Private Limited Liability Company. The organisational structure with an Executive Board only is only allowed in Private Limited Liability Companies.
Please see, respectively, “Supervisory Board” and “Exectuive Board” in the left side menu for a more in-depth description of each structure, including how to change the respective board members.
Ellex Raidla has provided all input about changing board members in Estonia.
Ellex Raidla is a leading and the highest ranked law firm in Estonia, established in 1993. Ellex Raidla is one of the few firms in Estonia that is endorsed in Band 1/Tier 1 category by all the major law firm directories and the only firm that is endorsed in Band 1 by Chambers Europe in both areas – disputes and transactions. Ellex Raidla belongs to a circle of strongest law firms of the Baltics – Ellex.
For more information about Ellex Raidla and changing board members in Estonia, please use the below contacts:TEL: +372 6407 170