Who elects a company's board of directors?

Answer The shareholders of a corporation may elect and appoint the board of directors. The board often includes the shareholders, especially in a small company with only one or two shareholders. The role ... Read More »

Top Q&A For: Who elects a company's board of directors

Is it legal to maintain an hoa without a board of directors board members terms were up may 2010 and meeting to vote on a new board was canceled by them you have a management co following them?

Read your governing documents to understand how long elected directors serve when no annual meeting takes place. As well, read there whether or not an annual meeting 'shall' take place, and the age... Read More »

What Is the Difference Between a Board of Directors&a Board of Trustees?

Essentially, there is no difference between a board of directors and a board of trustees. According to, both groups "describe the same governing body of a nonprofit" or organization... Read More »

How Valuable Is a Board of Advisors or a Board of Directors?

When starting a corporation or a non-profit organization, creating a board of directors is required. While the role of the board of directors may be unclear to some, it provides many valuable benef... Read More »

Can board members submit other members proxies at a board of directors annual vote meeting?

Generally, association members may assign their votes to whomever they choose, and this may be a board member. It is possible that a member assigns an open proxy, or may assign a chosen proxy, usua... Read More »