Our President has said that he intends to retire at the next AGM.
Two questions:
1) Would he be able to step down a few moths before the AGM and hand over the responsibilities to the vice president ?
2) Normally at the AGM calling, owners are asked if they want to give proxies to a nominated person or to the position of 'President'. This of course means that he can be very influential in who becomes his successor.
a) In the above circumstances (of retirement) would the retiring President have the right to vote those proxies for the person he wishes to be the new president ?
b) If he had stood aside for the last few weeks/months, would the VP take on the proxies ?
c) In other words at what stage (before, during or after the AGM) does the outgoing president relinquish those proxies ?
Bookmarks