As a result of their partnership (or partners), business founders often form private companies where they each serve as directors and shareholders. However, at some point co-founders’ ideas and interests may diverge, which is not uncommon for public companies with a large board of directors and many members. We explain how your company can appoint…
Tag: reasons for removal of director
The 6 Rules of Removing a Director
Taking steps to remove a director from a company Review your service agreement, employment contract, or letter of appointment Whenever a director’s employment is terminated, it is important to review the terms of the director’s service agreement, employment contract, or letter of appointment to see what terms have been agreed upon. You should seek legal…