Can a Director Resign Voluntarily?
Mr. Wang was the director of Company A, a limited liability company. Because Wang had a different view on the theory of the business with the other directors, he wanted to resign. Unexpectedly, the shareholders of Company A were afraid that Wang would compete with the company after his resignation, so the shareholders rejected his resignation application. Wang was in the dilemma. The ‘Company Law’ has prescribed the provisions on the selection and change of the director of a limited liability company, however, it fails to prescribe the procedures on the resignation of the director. Then, where the Articles of…