Book traversal links for المادة (20) استقالة أعضاء مجلس الإدارة
Article (20): Resignation of Board Members
Should the Chairman and Board Members submit their resignations or should the vacant positions reach one quarter of the Company’s board members, the Governor shall:
1) | Form an interim committee comprising experienced and specialized individuals and appoint a chairman and vice-chairman among its Members to assume the management of the Company; |
2) | Call for a general assembly meeting within a period not exceeding (3) three months following date of forming the committee, renewable for a similar period only once, in order to elect a new board of directors of the Company. The Company shall bear the committee’s remunerations, as decided by the Governor. |