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Fiduciary Duties, Assistant Secretary Treasurer

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Old Jun 12th, 2008, 09:20 AM     #1
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Default Fiduciary Duties, Assistant Secretary Treasurer

What, if any, discretion does a DE corp asst secretary/treasurer have in
deciding whether or not shareholder contact information should be given to a
director whom the secretary knows from personal knowledge has already used
some of that information improperly in ways that could and did cause shareholder unrest and suspicion?

Is the asst sec/treas within the fiduciary requirements of the position to refuse, and can that refusal be basis for termination?

Can two directors on a board of three (with two vacant seats) actually demand production of the information? Would they not have to have a quorum in order to do a board provision demanding production?
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Old Jun 12th, 2008, 10:55 AM     #2
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Default Re: Fiduciary Duties, Assistant Secretary Treasurer

Directors should be given all information reasonably requested. The director should be removed if he or she has done anything improper and not in the best interests of the company.
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