Management board is an which manages the affairs of the society and represents it, and the owner of society can choose a monistic or dualistic management system. The Companies Act perscribes statutory provisions and minimum decision-making procedures, the other questions are discussed, by the manager contract, between owners and management themselves. A manager contract is a two-way mandatory and informal contractand, if it contains elements of a labor contract, it may be a mixed contract. The manager contract regulates the working status, obligations, powers and responsibilities of the manager, but the way of communication and the monitoring of the execution of business policy objectives. Also, this contract regulates basic salary and rewards for the achieved results, ethical rules, business risk insurance and compensation claims, changes and termination of the contract. The mandate duration is mostly time limited but the appointment can be renewed. The purpose of this final paper is to show theoretical determinants and the practical examples of manager contract in the Republic of Croatia.