Form with which the board of directors of a corporation accepts the resignation of a corporate officer.
Resignation By Director In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-0005-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
The recently appointed head of Chicago's school board resigned Thursday after reports from the Jewish Insider and Chicago Sun-Times exposed what some Chicago leaders called antisemitic and sexist posts on his social media, as well as a 9/11 conspiracy post. The Rev.
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.
Even after stepping down, a resigned director remains accountable for any offences committed during their term. A director can step down from their position by submitting a written resignation to the company. Upon receiving this resignation, the Board is required to acknowledge it formally.
The resignation of a board member will most likely leave an imprint on the director, the rest of the board and possibly the organization as well. If you are resigning, it is usually best to be truthful about the reasons.
CHICAGO – Today, Mayor Brandon Johnson announced the appointment of Sean Harden as President of the Chicago Board of Education, accompanied by a slate of experienced and passionate leaders whose collective expertise will guide Chicago's public schools toward greater equity and opportunity for all students.
The document is an application form for resignation or retirement from Chicago Public Schools. It requires the employee to specify their reason for leaving, provide personal and employment details, and acknowledge the irrevocability of their resignation upon receipt by the Talent Office.
Once the resignation is official, the board usually accepts it formally at a board meeting. The board can't rescind an official resignation without approval from the board. The board should hold off on nominating a replacement board member until the board accepts the resignation.
Normally, the Board could accept the resignation of a director, so until they actually accept the resignation via a motion to accept it (which also has to pass by a majority vote to take effect), a resignation can be withdrawn which means that it never happened and everyone just carries on.
Dear Members of the Board, I am writing to formally submit my resignation as Position on the Board of Directors of Company Name, effective Resignation Date. I am grateful for the opportunity to serve on the board and contribute to the company's vision and growth over the past length of time.
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.
