an investigation of the status and effects of the ceo’s contract with the company compare with the new bill of business law

the ceo as the highest executive official is considered as the honest person of the company and he manages the company as its representative. in the same line, he is bound to take into account the shareholders' interests and expediency of the company. one of the issues that may cause the ceo to disregard such honesty and therefore prefer his personal benefits over those of the company is doing some contract with the company which leads to the emergence of conflict within his duties and personal benefits. in order to create a control system, the legislator around the joint stock and cooperative company has made some rules and laws, and to some extent, he has identified some of its effects; in the following part of the present article, different forms of such contract and its comparison with the new bill of business law are discussed. thus, there is no ruling in case of other commercial companies. in this case, by studying and criticizing numerous opinions, based upon the ceo's representative nature, we have regarded his contract with the company as subjected toagency agreementregulations.