I
ICare4All
Guest
This posts pertain to a Nevada Corporation traded on the Nasdaq OTC market.
Can anyone please expound upon the following questions regarding shareholder's rights?
1) Does the Board Of Directors of a Corpoartion have the right to authorize shares without shareholder's approval?
2) Does the Board Of Directors have the right to do a REVERSE split without shareholder's approval?
3) Does the Board of Directors have the right to add or remove other B.O.D members without shareholders's approval? If no shareholder approval is required, does it require unanimous or majority vote to remove/add new members to the B.O.D?
4) Does the B.O.D have the right to issue themselves shares without shareholders approval?
5) If the B.O.D does issue or grant new B.O.D or existing B.O.D members additional shares, how long must they hold those shares before being able to sell?
6) Assume certain individuals are added to the B.O.D and offered shares based on a signed contract which stipulates they have a certain date to provide funding to the company? If these new members fail to provide the funding, can the other B.O.D members forcibly remove them?
thank you much for taking the time to answer.
Can anyone please expound upon the following questions regarding shareholder's rights?
1) Does the Board Of Directors of a Corpoartion have the right to authorize shares without shareholder's approval?
2) Does the Board Of Directors have the right to do a REVERSE split without shareholder's approval?
3) Does the Board of Directors have the right to add or remove other B.O.D members without shareholders's approval? If no shareholder approval is required, does it require unanimous or majority vote to remove/add new members to the B.O.D?
4) Does the B.O.D have the right to issue themselves shares without shareholders approval?
5) If the B.O.D does issue or grant new B.O.D or existing B.O.D members additional shares, how long must they hold those shares before being able to sell?
6) Assume certain individuals are added to the B.O.D and offered shares based on a signed contract which stipulates they have a certain date to provide funding to the company? If these new members fail to provide the funding, can the other B.O.D members forcibly remove them?
thank you much for taking the time to answer.