Does my company need to have a management agreement?

It is crucial that you make clear agreements in writing between the company and its board-members/directors/managers. A management agreement is a commission and freelance contract between a board-member/director/manager and the company, whereby the person who performs management tasks receives a management fee instead of wage or salary. In the management agreement you can agree upon, for instance, the purpose and duration of the co-operation, the authority and obligations of both parties and the height of the management fee.

Related Questions

Companies are not obligated to have General Terms and Conditions. However, we would recommend them. Why?
Many subjects can be dealt with in the articles of association. So why not lay down all agreements in the articles of association? Why conclude a shareholders agreement as well?
To make sure your General Terms and Conditions are applicable you have to comply with the strict rules of Dutch law.
To make sure all of the contracts are legally binding, they have to be drawn up and conducted correctly under Dutch law.