Form with which the board of directors of a corporation accepts the resignation of a corporate officer.
Resign Board Of Directors Letter In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-0005-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
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.
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.
Once you've submitted your letter, prepare for the board to formally acknowledge and accept your resignation. Depending on the organization, this may involve a vote or formal acceptance during the next board meeting.
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.
How to write a letter resigning from a director role Check your service contract. Draft your resignation letter. Discuss any additional matters with the company. Address the company rather than an individual. Convey your intention to resign. Include your date of resignation. Keep it professional and brief but personal.
Appoint Successors Many associations have it written within their bylaws that remaining board members can appoint someone to succeed the resigning director. If the whole board intends to resign, they should do so in a manner that still allows for an appointment.
So why your resignation needs to be accepted? You resign and provide the notice as per company policy and that's it. It has nothing to do whether your manager or manager's manager accept it or not unless they are going to provide you a counter offer(acceptable to you) in a reasonable time.
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.
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.
In addition to overseeing the delivery of a host of municipal services, from roads to parks and libraries and law enforcement, board members also are responsible for approving the county budget.
