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#1 |
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Posts: n/a
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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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#2 |
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Top Level Member
Last Online:
Jul 11th, 2008 12:49 PM Join Date: Mar 2007
Posts: 694
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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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