In addition to the provisions of the Labor code and employment contracts the relationship between employees and the employer is governed by the company’s bylaws. They are drawn up and approved by the company management.
The company bylaws should be drawn up by experienced professionals who are able to predict and anticipate risks. Competently drawn up company bylaws help to avoid labour disputes, regulatory body claims, and minimise the risk of company executives being made personally accountable for labour law violations.
Why Draft Bylaws Individually?
However, not all managers are willing to spend their time drawing up company bylaws, so many resort to using standard templates downloaded from the internet. This solution seems optimal because of its simplicity and accessibility.
However, the formulaic wording is too general and does not take into account the specifics of the company, and some issues are not addressed by the standard regulations. And with the right approach company bylaws can be an effective tool to protect employer interests.
What documents make up the company bylaws?
Company bylaws are approved by the company management in order to control the internal activities.
The main examples of a companys bylaws are:
- Internal working rules and regulations;
- Staff schedule;
- Regulation on remuneration;
- Labor protection rules;
- Holiday schedule;
- Regulation on personal data;
- Regulation on confidential information;
- Regulation on business trips.
In addition to binding local regulations, a company can adopt other regulations necessary to control the company activities.
VALEN provides a full range of services related to drafting company bylaws. Our experts:
Conduct a legal review of the existing company bylaws of the company; Draw up new company bylaws, taking into account the organisational and legal form, organisational structure, company specifics, number of employees, employee categories and other factors that must be considered when drawing up internal documents; Ensure compliance of company bylaws with legal requirements; Ensure full compliance with the content of company bylaws with client needs; Provide detailed information in the company bylaws on the duties and responsibilities of employees and employee action algorithms to prevent errors and disputes.