Hide Alternative Choice into the Directors' Organizational Meeting

Aug 6th, 2022
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How to Hide Alternative Choice into the Directors' Organizational Meeting

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my question is for mr. Buffett and Im hoping you might be able to tell us a little bit more about your interactions with the Board of Directors and the types of ideas and idea exchange and perhaps a model for how you believe a board of directors is supposed to function with management thank you yeah I would say that most writers and most most shareholders probably have a little bit of a distorted version of leestown most corporations large corporations have operated over the years usually for a long time I would say that directors generally were sort of potted plants I mean you you sat there and the the management had its agenda and didnt really want input on major matters and Charlie and I can certainly testify the fact that we had that great lack of success even when were the largest shareholder of a company and in terms of talking about the things that really count I mean that somebody spends their whole lifetime 25 30 years rising to the position of CEO you know they want to be

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The general rule is that all directors are entitled to attend board meetings.
Taking Action Step 1: Review board member requirements with the entire board. At your next board meeting and/or via email, review the requirements of board members with everyone on the board. Step 2: Have a private conversation with the toxic board member. Step 3: Remove the toxic board member.
Directors shall have the right to take any action in the absence of a meeting which they could take at a meeting by obtaining the written approval of all of the Directors. Any action approved shall have the same effect as though taken at a meeting of the Directors.
Directors shall have the right to take any action in the absence of a meeting which they could take at a meeting by obtaining the written approval of all of the Directors. Any action approved shall have the same effect as though taken at a meeting of the Directors.
Even if a director is not fulfilling their general duties, excluding them from meetings is not a legal solution. The main exception is if the directors rights have been suspended due to disciplinary proceedings. In extreme cases, directors may be excluded from the board meetings, pending future dismissal.
Corporations Code Section 7211 allows for corporate boards to take board actions without a meeting, if all directors of the board individually or collectively consent in writing to that action. (Corp. Code 7211(b).)
Except the Board of Directors and persons required by the Board, no other members are allowed to attend the Board Meetings. A Director cannot appoint another person as his proxy to attend a Board Meeting.
The most common policy for member organizations is to call a meeting of members and notify the board member in writing that they will be voted upon during said meeting. From there, bylaws can require the majority of (or sometimes more) members to vote to remove the board member.

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