BoD meeting quorum

hitman · 05-29-2010, 10:46 PM

is CEO (if he do not hold any shares) and nominee directors (creditors) counted for the purpose of calculating BOD quorum?

ciapk · 05-31-2010, 08:37 PM

Yes CEO even if not a member will be deemed as director and will be counted to form a quorum

hitman · 06-02-2010, 01:21 AM

let us suppose that ceo is not an elected director( not elected by shareholders) then will he be counted for the quorom of BOD?

ciapk · 06-04-2010, 07:54 PM

Dear,

Directors are competent to appoint any person as CEO So no election is required for CEO, but once he is appointed as CEO then he will be deemed director and will be counted for quorum.