This board resolution records the acceptance of resignation of a current board member.
This resolution may be followed by another resolution to appoint a new board member.
According to article 143 of Federal Decree-Law No. 32 of 2021 on Commercial Companies, the number of board members must not be less than three and not more than eleven and the term of membership should not exceed three calendar years, commencing from the date of election or appointment. A board member may be re-elected for more than one term.
Jurisdiction
This document is intended for use in the United Arab Emirates.
Before Execution
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