Form with which the board of directors of a corporation accepts the resignation of a corporate officer.
Resign Board Of Directors Letter In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-0005-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Subject: Resignation from Board Name However, due to brief reason, e.g., personal commitments, professional obligations, health reasons, conflicts of interest, I believe it is in the best interest of the organization for me to step down at this time.
More often than not, the HOA board can appoint a new board member to fill the resignation. In California, Corporations Code Section 7224 allows the board to appoint a new board member through unanimous consent, a majority of directors, or by a sole remaining director.
Key Elements of a Board Member Resignation Letter A clear declaration of departure, specifying the effective date. An expression of gratitude for the opportunity to serve in the role. A succinct explanation of the reason for leaving, if suitable. An offer to assist during the transition process.
Tell your fellow directors you want to resign Ideally this should take the form of a written notice, either left at or send to the company's registered office, stating your intention to resign and the date this is to be effective from.
One way is to write a letter to the board and ask to read it out loud at your final board meeting. The board should include your letter as part of the board meeting minutes. The other way is to follow the chain of command. Tell the board chair first, then the executive director and then the whole board.
Convey your intention to resign Keep it brief and focus solely on your intention to leave. You might clarify why you're leaving to avoid speculation about your resignation but this isn't essential. As this is a professional document, remember to keep it positive in tone.
Talk to your other two board members first. Let them know you're done with being on the board. Then write a letter officially resigning so they can keep it in their documents and assign someone else to the position.
The resignation need not be accepted by the board for it to be effective. In addition, the company will have to lodge a prescribed notice of the director's vacation of office (whether by resignation or otherwise) with the Registrar within one month of a person ceasing to be a director of the company.
Resignation for Personal Reasons Template: I regret to inform you of my resignation from the board of Organization's Name, effective Date. Due to personal circumstances, I must step down. I appreciate the opportunity to contribute to the organization and wish you all the best going forward.
If you want to be very formal in closing your business letter, consider using one of these phrases: Respectfully. Yours sincerely. Yours respectfully. Yours faithfully.
