Week 4 Stocks 1 - own money into a corporation I also found...

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In my searching around I saw that the same is usually true for removals from the board. Directors are usually voted off by shareholders. In some cases death or resignation is also the reason for removal. Some countries allow their directors to be removed without cause while others must have just cause to remove another director. However, it seems that in most cases, it would be up to the shareholders to do both the electing and removing of key people on the board of directors. I think this keeps things fair and give a little more control to those who invest their
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Unformatted text preview: own money into a corporation. I also found it very interesting that a board member is less likely to get votes if their do not regularly attend board meetings or if the company if performing poorly. In the first case, I think that is an important inclination that the shareholders are making education votes and actually follow up and see how the people they elect are performing. Source: http://en.wikipedia.org/wiki/Board_of_directors...
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