The highest decision-making body of a limited liability company with two or more members is the Board of Members.
Based on Clause 1, Article 55 of the Law on Enterprises 2020, the Members' Council is defined as follows:
The Members' Council is the highest decision-making body of the company, including all individual members of the company and authorized representatives of institutional members of the company. The company's charter shall prescribe the meetings of the Members' Council, but it must meet at least once a year.
Thus, according to the above provisions, the Members' Council is the highest decision-making body of a multi-member limited liability company (LLC).
Respectfully!
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