Business Notes: Directors

How to Appoint and Remove a Director:

Appointment:

First directors of a company will be those named as such in the statement of proposed officers. They will automatically be directors on the date of incorporation (s.16(6)(a)

Subsequent are appointed in the procedure below:

Statutory Regulations

• Director must be 16 or older (s.157) otherwise appointment is void.
• Is disqualified or bankrupt cannot become a director, offence unser s. 13 Company Directors Disqualification Act

Company articles may also have restrictions e.g. MA 18 

Procedure:

MA 17 - appoint a director in two methods - BR or OR 
Normally depending on who are the shareholders and board members. And if it is in conjunction of a removal of a director (see later) s.168(2) dictates that in these circumstances a "special notice" of the resolution must be given by the proposing s/h of the company. 

Any person seeking to become a director must also:

- be prepared to sign a statement indicating consent to be a director (s.167(2)(b)
-…