In several recent posts, I have noted that officers, unlike directors, are agents of the corporation. Recognizing the agency status of officers can affect the legal analysis in a number of significant ways, including:
Why An Understanding Of Officers As Agents May Be Important
Posted on March 03, 2017
Can The Board Remove A Director?
Posted on March 02, 2017
Can a board of directors remove one of its own? In the case of a California corporation, the answer is no. The power to remove directors is vested in the shareholders and the superior court pursuant to Corporations Code Section 303 and 304. While...