Venture Deals · glossary
A director appointed by the investors. He owes his duties to the company, not to the fund that appointed him. At Solaris the board cannot act in writing, or at a first meeting, without one. Clause 13.2 · Article 18 · Chapter 11
Explained in Chapter 11, Control: the Board, Consent Matters and Information Rights, of Venture Deals.
Also explained in Corporate Governance.
Clause 13 and article 18 set up a board of up to five directors. The Investor Majority appoints and removes an Investor Director by written notice. The notice takes effect when it reaches the company's registered office, with no meeting and no reasons (clause 13.2).Read Chapter 11, Control: the Board, Consent Matters and Information Rights →
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