10 likes | 127 Views
220.   Removal of directors and procedures in regard thereto.—(1)  ( a )  A company may, [1…] [2…] remove a director before the expiration of his period of office. ( b )  …
E N D
220. Removal of directors and procedures in regard thereto.—(1) (a) A company may, [1…] [2…] remove a director before the expiration of his period of office. (b) … (2) Special notice shall be lodged [3…] with the company of any proposed resolution to remove a director …, and, on receipt of notice of such a proposed resolution, the company shall … deliver a copy thereof to the director concerned who shall,…, be entitled to be heard on the proposed resolution at the meeting. (3) Where … the director concerned makes representations … the company shall, …— (a) … (b) send a copy of the representations to every member of the company … (4) … (5) No copy of such representations shall be sent out … if, … the Court is satisfied that the rights conferred by this section are being abused …. (6) ... (7) Nothing in this section shall be construed as depriving a [4…] (director) … of compensation or damages … or as derogating from any power to remove a director which may exist apart from this section.[5]