Franchises

How do you recommend a slate of people to be elected to the board of directors at a shareholder meeting?

Guest Writer
min read
Opinions expressed by Entrepreneur contributors are their own.
There are two ways to answer your question:

#1. At incorporation, you will have decided much of this--or if you are like most people, you would have accepted a standard set of corporate documents. I assume you have a C Corp or an LLC and depending upon the state, these documents will prescribe different ways of nomination. Either read the documents or have your attorney summarize the procedure for you.

#2. If your situation is like most, you will have to nominate each person separately and present them to all shareholders in written form with approx a 200-word summary of their experience. You will, in most cases, also have the ability to present an entire board to the shareholders, but they will still generally have to vote for the individuals.

All the best,
Brad Sugars

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.