Form with which the board of directors of a corporation records the contents of its annual meeting.
Annual Board Directors Sample Withdrawal In Cook
State:
Multi-State
County:
Cook
Control #:
US-0006-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Draft a resolution to replace the current board with a new one. File a petition with the court to have the current board removed. Serve the members of the current board with notice of the shareholders meeting at which the removal will be voted on. Hold the meeting and vote on the resolution.
Process to Remove a Board Member Review Bylaws and Legal Requirements. Each organization has specific guidelines for removing a board member. Document Reasons for Removal. Notify the Board Member. Hold a Board Meeting. Vote on the Removal.
You'll want to communicate your resignation from the board as professionally as possible. You may choose to break the news to your board chair in person, and that's perfectly fine—just make sure you're following up with an official letter to both the chair and the rest of the board.
California Corporations Code Section 12362 allows for the removal of board members without cause, but it requires a vote by the members of the corporation. Removal without cause does not require a statement as to why the director should be removed.
A petition to remove a board member should include: A greeting to the board and reason for writing your letter. A list of the reasons with evidence as to why you think they should be removed. The form of action you are asking to be taken. A conclusion and statement of the identities of the petitioners. Signature spaces.
A petition to remove a board member should include: A greeting to the board and reason for writing your letter. A list of the reasons with evidence as to why you think they should be removed. The form of action you are asking to be taken. A conclusion and statement of the identities of the petitioners. Signature spaces.
Pick someone (draw straws if you have to) to speak for the group to say that his behavior is inappropriate and will no longer be accepted. He can work towards being a better board member or he should resign. If he refuses either option, then vote him out. Allow him to step aside on his own to save face.
The Legal Option Many bylaws require that notice be given to the Board member who might be terminated and that a super-majority of Board members must vote to expel the member. But, again, review your own bylaws and get legal counsel if you need to remove a Board member.
Another way a director can be removed is by a board vote. Again, this procedure should be outlined in your bylaws. Most organizations require a quorum, which is when you have enough board members present at the meeting to make it a valid board meeting. From there, your board would take a vote on removing the director.
