How can
we help you?

Graffiti letters
  1. FAQ
  2. My Company
  3. Management board

What is the liability of a management board member?

Last updated: May 30, 2023

As a shareholder, you are legally responsible for the debts of your company only to the extent of the nominal value of your shares.

However, apart from being a shareholder, you are also a management board member of your company, having additional rights and responsibilities.

A management board member of a private limited liability company (OÜ) in Estonia is responsible for the entire company's activities, taking into account the limited liability nature of the company. If a management board member fails to fulfill his/her obligations through deliberate action or by gross negligence, he/she could also become personally liable (creditors could pursue you in person for the company's debt), according to the law. To avoid this, you as a management board member must keep the company in compliance, and ensure fulfillment of your obligations with due diligence.


Did this answer your question?