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Company Law: Directors and Officers part 1
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Dear @admin I am wondering that the administrator can appoint director or not ?
Mike, in regards to Alternate directors, in my country Trinidad & Tobago, alternate directors are a norm. I work for a credit union, and our Board of Directors consist of 12 persons and 2 Alternates. Our Credit Committee (in charge of Loans) consists of 5 persons and 2 Alternates as well as our Supervisory Committee (the watchdogs of the other directors as well as the company) also has 5 persons and 2 Alternates.Every year at our annual general meeting, 4 persons go up for election/re-election for the Board, 2 or 3 for the Credit Committee and all 5 persons for Supervisory. The Alternates for all 3 groups, also have to go up for election every year, if they want to be on the committees. The persons who become alternates are the next 2 persons who got the most votes after the required persons were elected. The alternates for the Board are invited to the monthly statutory meetings only, but the only time they serve on the Board is if one of the directors will be out of the country /ill or any other reason for a certain amount of time. The absent director do not get to choose anyone he wants, as they would have been elected as the 1st and 2nd alternate. So the 1st alternate would be automatically the one chosen. He (the alternate) does not vote on matters as the absent director wants, he would vote and contribute to the meeting as he sees fit. He is not obligated to follow instructions of the absent director. In other words he has a mind of his own.
In regards to the Credit and Supervisory committees, the same thing applies. The 1st alternate, would be informed of the absent committee member and for how long a period, and if he is unavailable or another member will be unavailable as well, for a time, the 2nd alternate would also be requested to attend meetings, and they both operate in the meetings as they see fit.
just some info for you.
@cecel, Cecel – thanks for this. That is really illuminating. I have to admit that I have often wondered how the system works so I am very grateful to you
plz explin
FTSE top 350 company?all directors must retire each year
@shahbaz963, It means that if a company is one of the top 350 companies listed on the Financial Times Stock Exchange listing, then all the directors must retire each year
OK?
@MikeLittle, okkkkkkkkkk mikeee…….:)
@MikeLittle, thnxxx alottt..
Thanks Alot
Hi, does the 1/3 rotation apply to just public companies, or private also of a certain size?
Kind Regards,
Neil Farrow
@neil.farrow, Hi
I believe that it’s just public nowadays. Beware also FTSE 500 where all directors must resign each year
I could n’t find the link of the lecture. would you plz suggest me.
Dear Sir,
I have 512MB internet speed at my home, whenever i open a lecture after some time it get stopped and then i need to again restart and go the same place of lecture where i was before.
Kindly if you could help with above issue, as it is very essential for me.
Thanks for cooperation.
Regards,
Sajid
sorry but we can’t make your internet connection faster
@admin, That was rude!!
@aq515, Oh dear! How can “sorry but we can’t make your internet connection faster” be considered “rude”??
There’s absolutely NOTHING in that comment that could be considered rude!
@sajidhameed, 512MB ? or 512KB/sec, LOL I have the same speed as 512KB/sec and I watch all these lectures more smoother then youtube streaming, it is the best shockwave player I ever found on this website, Great Lecturer, Great Admin and also Great Website LOVE IT……