after the company's first directors have been appointed, it may be necessary to make new appointments either to fill the vacancy when the director vacates office or to increase the size of the board by appointing one or more additional directors. The members of a company appoints a person by ordinary resolution to be a director. Theseus Exploration NL v Mining & Associates Industries Ltd 1973
Yes, they are.
The president (as in most cases the CEO) is chosen by the board of directors, a group elected by a vote of the corporation's stockholders. Note: In small corporations, it is the incorporator, (the person that filled in the paperwork and paid the fee, seeing that they own all the stock
There really is no difference, they are interchangeable terms. Either entity includes the officers and other members who have usually been elected by a larger Board of Directors to oversee the performance of the organization's management and to suggest policy changes to the Board of Directors.
A company or organization has a board of directors.
The number of allowable board members are outlined in an organization's bylaws.
In September 1991 Browne was elected to the board of directors of British Petroleum.
The Board of Directors of a corporation are elected by the shareholders with one vote per share.
Board of directors is a group of people who are elected or appointed to an organisation to direct the strategy of the organisation.
In order to get on the board of directors, you are usually voted in or elected. Some positions come with an automatic seat on the board.
Yes, they are.
1992, elected to board of directors
false A+
False
Each of the 12 Reserve Banks is subject to the supervision of a ninemember board of directors (board). Six of the directors are elected by the member banks of the respective Federal Reserve District (District), and three of the directors are appointed by the Board of Governors. Most Reserve Banks have at least one Branch, and each Branch has its own board of directors. A majority of the directors on a Branch board are appointed by the Reserve Bank, and the remaining Branch directors are appointed by the Board of Governors.
Each of the 12 Reserve Banks is subject to the supervision of a ninemember board of directors (board). Six of the directors are elected by the member banks of the respective Federal Reserve District (District), and three of the directors are appointed by the Board of Governors. Most Reserve Banks have at least one Branch, and each Branch has its own board of directors. A majority of the directors on a Branch board are appointed by the Reserve Bank, and the remaining Branch directors are appointed by the Board of Governors.
FALSE
the Governor of the Bank of Canada is elected by the board of directors and the Finance minister.