Legal Question in Business Law in Florida
Board of directors - can a BOD member proxy
BOD of a private company with 3 BOD members. A older BOD member in their 70s wants to proxy his representation to his younger advisor for a BOD meeting. If he and another BOD member (2 out of 3 majority) approve the proxy, can it be done? Is it all governed by the bylaws? If the bylaws do not prohibit it and the state does not prohibit it, can it be done?
I have also seen examples where the older BOD member could proxy his vote to one of the other 2 BOD members in this example.
Asked on 1/05/07, 3:41 pm
1 Answer from Attorneys
Craig Dorne
Craig M. Dorne, PA
Re: Board of directors - can a BOD member proxy
As a general rule a Board member cannot proxy his vote
Answered on 1/05/07, 4:16 pm
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