What is a joint administrator?

We are referring to the case in which the company's administrative body is attributed to a plurality of administrators who do not constitute a board of directors, that is, who should not adopt their decisions collectively, according to the voting rules attributed by agreement with current regulations according to the type of company, and the specifications contained within the bylaws.

However, in the case of a plurality of administrators, there are two ways of exercising their administration. On the one hand, the case in which the administrators act independently, which is the case of the solidarity administrators. And, on the other, the case in which to adopt a certain decision on behalf of the company, the signature of two or more administrators is necessary, who must act jointly.

In this case, the assumption that concerns us, the signature of at least two joint administrators will be necessary to bind the company. And, we say at least 2 joint administrators, because the number of administrators required to sign jointly may vary depending on the number of administrators, and depending on the provisions that, for the internal regime of the company, establish the bylaws. In any case, the joint administrators must be elected by the shareholders, partners or shareholders of the company. There is the possibility that the administration falls to a natural person or a legal person. In the latter case, a representative of the aforementioned legal entity will act as administrator.

Advantages and disadvantages of joint administrators

The joint administrators must be registered in the Companies register. And, to bind the company, the signature of all the administrators acting jointly will be necessary. This way of organizing administration favors control to the detriment of the operation of the company. As a disadvantage, it can be noted that. In the event that there is an irreconcilable disparity of criteria among the administrators, the company's administrative body could be paralyzed.

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