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> I really don't know enough about this: why, in general do people step down from the board of directors? If it is voluntary, then they step down because they
by elfexec 7y ago
> I really don't know enough about this: why, in general do people step down from the board of directors?
If it is voluntary, then they step down because they want to ( for whatever reason - pursue other opportunities, etc ).
If it is involuntary ( forced out ), then it's pressure from shareholders ( especially a major shareholder or a group of major shareholders ).
Board of directors are elected by shareholders and they serve the interests of the shareholders. Only shareholders can remove board of directors. Of course if you have more than 50% of the voting shares and are on the board of directors, then you are golden. In that case, only legal action could get you removed, but that bar is very very high.