The company wishes to appoint the chairperson of the company as ceo which contain is correct he can be appointed only with the approval of
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The answer is DIRECTORS OF THE COMPANY:
Explanation:
- The Chairperson can be appointed as CEO only by the directors of the company elects on with the majority of votes.
- In accordance with the Act or any other law or the Articles, a member of the Committee appointed by the Board or chosen by the
- Committee functions as Chairman of the Committee and conducts the Committee Meetings.
- Unless otherwise stated in the Articles, if no Chairman has been elected or if the elected Chairman is unable to attend the Meeting,
- the Committee shall elect one of its members present to chair and conduct the Meeting.
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