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board resignation prior to term ending


Guest Mike O"Connell
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Guest Mike O"Connell

If an individual is on the board with a 3 year term, one year left,can they run for another corporate position without resigning from the board. It is understood that should the individual get the other position they will resign from the board.Question is  should they be required to complete their committed term first.

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There's nothing wrong with someone seeking election to another position and waiting for the result before deciding whether to resign their present position.  If it is "understood" that they will resign, then it ought to be understood that the resignation will be accepted. It depends who is doing the understanding.

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