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Leaderboard

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In page Board of directors:

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In practice, it can be quite difficult to remove a director by a resolution in general meeting. In many legal systems, the director has a right to receive special notice of any resolution to remove them;[b] the company must often supply a copy of the proposal to the director, who is usually entitled to be heard by the meeting.[c] The director may require the company to circulate any representations that they wish to make.[d] Furthermore, the director's contract of service will usually entitle them to compensation if they are removed, and may often include a generous "golden parachute" which also acts as a deterrent to removal.[citation needed]