CONGO-BRAZZAVILLE Law and Practice Contributed by: Louis-Raymond Gomes and Prince Kyssama, Cabinet Gomes
7. Environmental, Social and Governance 7.1 ESG Requirements
if designated during the creation of the company and six years, if designated after. The following persons cannot be appointed as audi - tors: “1) founders, shareholders, beneficiaries of special benefits, company managers or of its subsidiaries, as well as their spouse(s); 2) parents and allies, to the fourth degree included, of the persons referred to in paragraph 1; 3) company managers holding one-tenth of the capital of the company or in which the latter holds one-tenth of the capital, as well as their spouse(s); 4) persons that, directly or indirectly, or through an intermediary, receive either from persons listed in par - agraph 1), or from any company referred to in para - graph 3), any salary or remuneration for a permanent activity other than that of an auditor; the same shall apply to spouses of those persons; 5) firms of auditors, one of whose partners, sharehold - ers or managers meet one of the criteria situations described in the preceding paragraphs; 6) firms of auditors, one of whose managers, either partner or shareholder working as an auditor, has a spouse who meets one of the criteria of paragraph 5”. 6.2 Risk Management and Internal Controls Geopolitical risks are not regulated by the applicable regulation regarding company governance.
Except for companies whose activities have an impact on the environment and are subject to specific envi - ronmental regulation with regard to their activities, such as mining or hydrocarbons, local law does not provide for requirements for companies in relation to reporting on environment, social and governance (ESG). 7.2 ESG Developments There are no material shifts in our jurisdiction on this matter. 8. Artificial Intelligence 8.1 Board Oversight of AI There is no regulation in our jurisdiction regarding board oversight of AI. 8.2 AI Use-Related Risks There is no such legal framework in our jurisdiction. 8.3 Liability Exposures Arising From AI Use There is no regulation on such matter in our jurisdic - tion. 8.4 Key Disclosure Requirements for AI Use There is no regulation on such matter in our jurisdic - tion.
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