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In a partnership the important decisions are made by a board of directors elected by the stockholders?
False
Are the members of the board of directors elected by stockholders?
Yes, they are.
May directors of a corporation remove another director from his position?
The directors are elected by the stockholders and follow the corporate by-laws. If the by-laws permit a director to be removed by vote, then yes.
Who is a company secretary appointed by?
They are APPOINTED by the Chairman of the Board of Directors. They can also be ELECTED by a vote of the BOD itself, or majority vote of the stockholders of the corporation.
Who appoints the president of a corporation?
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
Who elected the board members for a stock corporation?
stockholders
What group is elected to act on the behalf of stockholders?
foundation
How are corporate Directors elected?
The Board of Directors of a corporation are elected by the shareholders with one vote per share.
How do you set up a board of directors for a company?
To set up a board of directors for a company, you typically start by identifying potential candidates with diverse skills and experience. Then, you nominate these individuals for election by the shareholders. Once elected, the board members will meet regularly to make important decisions and provide oversight for the company's management.
When was John Browne elected to the board of directors of British Petroleum?
In September 1991 Browne was elected to the board of directors of British Petroleum.
What is the agency relationship between directors of public ltd company and the shareholders?
A corporation's board of directors are not agents of a corporation while corporate officers are. Although individual directors resemble agents in the sense that they owe a fiduciary duty of loyalty to the entity they serve, the distinguishing difference is that they are generally not subject to another's control, are elected by stockholders for set terms and are entitled to use their own business judgment in managing the corporation's affairs. See Restatement (Second) of Agency § 14C. As noted in Restatement (Third) of Agency § 1.01 cmt. f(2), directors' powers originate as the legal consequence of their election and are not conferred or delegated by shareholders.
How can a directors can be remove?
Artticles of Amendment Directors are elected to their positions by the shareholders of the corporation. The shareholders have the legal power to remove directors.
