Is a Joint Stock Company Required to Have a Board of Supervisors?
Question 3: Is a Joint Stock Company Required to Have a Board of Supervisors? Question I am planning to establish a joint stock company. Under the current regulations, is a joint stock company required to establish a Board of Supervisors? If the company does not establish a Board of Supervisors, will this constitute a violation […]
What Procedures Must an Enterprise Follow When Reducing Its Workforce Due to Restructuring?
Question What procedures must an enterprise follow when terminating employment contracts with employees due to changes in organizational structure, technology, or economic reasons? Answer Pursuant to Article 42 of the Labor Code 2019, an enterprise may terminate employment contracts with employees in cases of changes in organizational structure, technology, or for economic reasons. However, termination […]
How is Overtime Pay Calculated and What Is the Maximum Permissible Overtime Working Time?
Our company frequently has a need for employees to work overtime. I would like to know how overtime pay is calculated? Can an employer require employees to work overtime, and what is the maximum permissible overtime working time? Answer: Pursuant to Article 98 of the 2019 Labor Code, employees working overtime are entitled […]