Gerry Hyman has another article for the Toronto Star. Let’s discuss some of the questions:
QUESTION: If a president of a condo board is terminated unanimously by the board members and fails to resign, what is the board’s next step?
ANSWER: An officer, such as the president, may be removed from office by a vote of the quorum of the board. While the board may remove an officer it can only remove a director in limited circumstances.
The corporation may have a bylaw requiring directors to abide by certain ethical requirements. The bylaw may provide that in the event of a serious or repeated breach of those requirements, the directors may vote to remove the offending director — provided that the director is given the opportunity to present arguments as to why he or she should not be removed.
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