The shareholders have the authority to remove a director in this scenario when only one member of the board of directors refuses to step down.
What is board of directors?
A board of directors, also known as the board or simply the board, is an executive committee that collectively oversees the operations of an organisation. This organisation may be for-profit or nonprofit, such as a <u>company, nonprofit, or government agency</u>.
Governmental regulations, including the corporate law of the applicable jurisdiction, as well as the organization's possess constitution and by-laws, set forth the rights, obligations, and obligations of a board of directors. These authorities may determine the number of board members, the process for selecting them, and the frequency of their meetings.
The full membership of an organisation that has voting members, who typically elect the board members, is responsible to and may be subordinate to the board in such an organisation.
Because In general, the sole authority to remove a director rests with the shareholders. A resolution to remove a director must be approved by a majority of shareholders at a special general meeting.
To learn more about board of directors
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A career cluster is a group of like careers that allow you to pick different types of sections within the same career. Marketing refers to public relations, advertising, sales and planning. Each of these sections are very important to make sure the marketing plan goes as planned and completes what it was intended to do. The cluster of different sections make up the entire marketing career which are essential to make sure the advertising is completed.
Answer:
The ammount due at the end of the loan adds for $27,456
Explanation:
If the payment is in full at maturity, the man must pay the principal of 26,000 plus the interest during the period of 4 years.
It is important to notice that the loan is done at simple interest, so the interest does not capitalize.
Answer:
$60 million
Explanation:
The computation of the value of operations after the repurchase is shown below:-
Total corporate value = Value of operation + marketable securities
(5 × $15 million) = Value of operation + $15 million
$75 million = Value of operation + $15 million
Value of operation = $75 million - $15 million
= $60 million
We simply applied the above formula so that the firm's value of operations after the repurchase could come
Answer:
1. Y = 3730
2. Consumption function
Explanation:
1. Given that,
C = 140 + 0.9 (Yd)
T = 0.3Y
Yd=Y-T
I = 400, G = 800, X = 600, M = 0.15Y
Y = C + I + G + (X - M)
Y = 140 + 0.9 (Y - 0.3Y) + 400 + 800 + (600 - 0.15Y)
Y = 140 + 0.9 Y - 0.27Y + 1,800 - 0.15Y
Y = 1,940 + 0.48Y
Y - 0.48Y = 1,940
0.52Y = 1,940
Y = 3,730.76 or 3,730
2. C = 210 + 0.8 (Yd) is a consumption function.
