Resolution - Election of a new director

Description

• The election of new directors of a corporation must be decided by the adoption of a resolution by the corporation's shareholders at a special meeting.
• The resolution for the election of new directors of a company, available on this site, is designed to meet the needs of the majority of companies, provided that the number of directors in office after this election never exceeds the maximum number stipulated in the company's articles of association.
• This service, providing for the appointment of a new director by shareholders, is aimed at two specific cases:
  • A new director must be elected to reach the fixed or minimum number of directors required by the company's articles of association.
  • A new director may be elected to improve the functioning of the Board of Directors, provided that this election does not exceed the maximum number of directors stipulated in the company's articles of association.
• In general, any decision concerning a company must be formalized by a resolution adopted by its board of directors.
• All corporate resolutions must be carefully preserved in the company's minute book, ensuring traceability and legal compliance.
• The Legal Publicity Act stipulates that companies must promptly update the identification of majority shareholders and ultimate beneficiaries with the Registre des entreprises du Québec (REQ).
• This crucial requirement aims to ensure the transparency and accuracy of public information about companies, making it easier for the public and authorities to verify their legitimacy, and reinforcing confidence and security in Quebec's business ecosystem.

• Explore our legal FAQ to find detailed information about corporations.

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