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A board of directors is a group of individuals who collectively manage an organization's operations, and can be either a profit-making organization or a non-profit organization, such as a business, a non-profit organization, or a government agency. The powers, responsibilities, and duties of a board are determined by government legislation (including the corporate law of the jurisdiction) and the constitution and bylaws of the company itself. These authorities may decide the number of members of the Board, how they should be appointed and how often they should meet.
In an organization of voting members, the board is responsible for the entire membership of the organization, which formally elects the members of the board, and maybe subordinate to it. In a stock corporation, the shareholders elect non-executive directors, and the board has ultimate responsibility for the management of the company. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members.
A resignation letter is written to indicate the writer's intention to quit a current position, such as an office, job, or commission. Such a letter will often take legal effect to terminate an appointment or employment, as notice under the relevant terms of the position; many appointments and contractual employments are terminable by unilateral notice, or advance notice of a specified period of time, with or without further conditions.
A board resignation letter indicates one of the Board member’s (of the organization under consideration) intention to resign. Compose such simple yet professional letters with our board resignation letter templates.