Alternate Director

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Alternate Director

A temporary delegate for a member of a board of directors who stands in during his/her absence.. While laws vary, in most jurisdictions, the alternate director has the same rights and responsibilities as the member he/she represents.
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Maryland, the District of Columbia, Virginia, and the federal government appoint two voting and two alternate directors each.
Paredes Burga & Asociados, members of EY were designated as the company's external auditors for fiscal year 2017; the distribution of dividends during fiscal year 2016 was ratified; application of fiscal year 2016 profits to retained earnings and delegation of the authority to decide the distribution of dividends based on the retained earnings account and fiscal year 2017 operating results to the board of directors was approved; and the board's composition of nine directors and two alternate directors was also passed.
If your business is incorporated, you may need to put a director's LPA in place alongside a review of the Company's Memorandum and Articles of Association, or consider alternate directors.
Three new alternate directors namely Herschel Gunawardena, P.
Both shareholders were irate over Mentor's recent decision to move up its annual meeting, thus hampering the ability for the dissident shareholders to propose alternate directors for the company's board.
Relying mainly on such strategies as ousting directors or nominating alternate directors can affect only a few corporate outliers at best.
Thierry Baudon and Michael Krammer, the two alternate directors, have replaced TDC's two remaining representatives on Invitel's board of directors following the equity transaction.
TITLE: This amendment provides a procedure for selecting alternate directors for at-large directors on the Board of Directors, and sets forth the circumstances under which such alternate directors would serve.
Should the existing board resist Biglari's proposed changes, we'd not be surprised by a second proxy fight in 2008 running a second set of alternate directors.
There is no provision for the Tote board to operate a system of alternate directors, so the BHB will not be represented until a successor to Savill is put forward for approval by Tessa Jowell, Secretary of State at the DCMS.
Wrenford's structure provides for an open, participative organization with each shareholding member company required to appoint a director, and up to two alternate directors.
During the General Assembly, NQU President Chin-Cheng Lee was appointed as the first President of the Kinmen-NCKU Alumni Association and the first Board Meeting was also held, electing nine directors, three alternate directors, three supervisors and one alternate supervisor.
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