单词 | resignation of directors |
释义 | resignation of directorsDefinition Directors can resign at any time, and the resignation does not require acceptance by the firm to be effective. However, a submitted resignation cannot be withdrawn without the agreement of the firm. Resigning does not absolve a director from the liabilities arising from the (1) decision taken prior to the resignation, (2) personal guaranties issued as an individual, or jointly and severally with the other directors. |
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