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Corporate governance

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Ken Garrett.

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December 18, 2019 at 4:13 pm #556178
unfazed
Participant
- Topics: 25
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Hello sir,
Don’t directors get appointed for 3 year terms, and can serve no more than 3 terms ( 9y),
so why should directors be submitted annually for re-election at AGM’s?
December 18, 2019 at 10:44 pm #556185
Ken Garrett
Keymaster
- Topics: 10
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The UK CGC says directors must face reappointment every year (para 18). Not sure where you get your three years from.
The CGC might require more frequent reappointment than permitted by the law or the company’s articles.
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