Can a Director Resign from the Board for Any Reason?

When a director is elected by shareholders to serve as a director, they are members of the board for a certain period of time. Typically, it’s a one-year term. But it might be three years if the board is classified. But can the director resign before their term expires? The answer is yes⁠—except when they can’t.

For many more Vid-Guides dealing with corporate & securities law, corporate governance, E&S issues and more – particularly if you want to review any Vid-Guides referred to during this Vid-Guide – see the list of Vid-Guides spread throughout these categories:

And since all the content on ZippyPoint.com is complimentary, please “Pay-What-You-Can” to help keep this fine platform alive & well…

Leave a Comment

You must be logged in to post a comment.

Like what you're seeing?

Pay-What-You-Can

Zippy Point is a community-funded site - to keep making great content, we rely on your generosity. Please "pay-what-you-can" today.