Consent to be a Director Clause Samples
The 'Consent to be a Director' clause establishes that an individual has formally agreed to serve as a director of a company. This clause typically requires the prospective director to provide written confirmation of their willingness to assume the role, often as a prerequisite for their official appointment. By obtaining explicit consent, the clause ensures that only willing and informed individuals are appointed, thereby reducing the risk of disputes or misunderstandings regarding directorship responsibilities.
Consent to be a Director. No election, appointment or designation of an individual as a director is valid unless:
(1) that individual consents to be a director in the manner provided for in the Business Corporations Act;
(2) that individual is elected or appointed at a meeting at which the individual is present and the individual does not refuse, at the meeting, to be a director; or
(3) with respect to first directors, the designation is otherwise valid under the Business Corporations Act.
Consent to be a Director. No election, appointment or designation of an individual as a director is valid unless:
Consent to be a Director. No election, appointment or designation of an individual as a director is valid unless: DocuSign Envelope ID: 88DE1037-A4D4-482C-8C37-CB14D0B09E70
(a) that individual consents to be a director in the manner provided for in the Business Corporations Act;
(b) that individual is elected or appointed at a meeting at which the individual is present and the individual does not refuse, at the meeting, to be a director; or
(c) with respect to first directors, the designation is otherwise valid under the Business Corporations Act.