Corporation?

Jan · Sep 20, 2002

When starting a corporation..if the president and vice president own and invested the capital and the share holders all have like 1% stock. Can they vote to have the the president of the vice president removed from the company? say if the president and all the holders voted to have the vice president removed..can this happen if the 2 main people started the business?
Hope I stated that question correctly...I'm a bit confused

Hillbilly · Sep 20, 2002

Jan, this is not the absolute on this, but in a lot of companies, he who has the most stock, controls the board. This happened in the Banco Popular when there was a lot of criticism of Alejandro Grullon's life style and living expenses. The people that were doing the talking are no longer on the Board of Director of the BPD... Nuf said,

HB

Fabio J. Guzman · Sep 23, 2002

Corporation

We admit that we do not really understand your specific question. So we just answer the general question about who can elect the president and/or vice-president of a Dominican corporation. The fact who started the business is irrelevant. Relevant is the following: distribution of the shares and votes and the rules established by the bylaws of the corporation.

Julio & Chris

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Corporation?

Jan

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Hillbilly

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Fabio J. Guzman

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