Question

For the board of director to change the number of director under association model business corporation act of us prior approval from shareholders required if the increase or decrease is more than how many percent of the number of director last approved.

Answer 1

Business corporation act

Explanation:

• So we can say that where I think the Board of Directors has to exercise strategic oversight over business operations.

• So we can say that where there need not be any limit to the maximum numbers of directors of obtaining the Central Government's approval under the Companies Act for shareholder of the company i.e. owning two percent or more of voting power.

• As a matter of fact, we can say that where I think shareholders’ agreement no longer automatically ceases to be effective when the corporation becomes a “public corporation.”
• So we can say that where nonetheless, the Act’s requirement of unanimous shareholder approval will likely make such shareholders’ agreements unavailable to public corporations as a practical matter.
• So we can say that where I think similarly, the Act no longer limits use of a by law requiring a majority vote for election of directors to public companies.