Indiana Removal of two directors
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How to fill out Removal Of Two Directors?
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FAQ
Many governing documents provide that an officer may be removed by a majority vote of the board members, but that an elected board member may only be removed with a vote of the association membership.
How do you remove a director from a company? In many companies, the power to remove a director from office is granted to the board of directors or to a majority of the shareholders under the company's articles of association.
If the shareholders of a public company want to remove a director, they must first give notice of their intention. Shareholders must make this notice to move a resolution for a director's removal at least two months before the shareholders meeting. Shareholders must also give the director notice as soon as practicable.
A board of directors can also remove a director "for cause." Cause is generally defined as some type of misconduct on the part of the director. For example, if a director was found to have committed fraud or misappropriated corporate funds, they could be removed for cause.
You can't exclude a director from a board meeting. They can't vote if there is a conflict of interest but they can attend unless they have been suspended pending disciplinary action.
Can My Board Hire or Fire an Employee or Tell Me Who to Hire or Fire? The board is responsible for hiring, evaluating, and, if needed, firing the executive director (ED). Though not illegal, the board should not be involved in hiring, evaluating or firing any other employee.