Document background
The Removal of Director Resolution is a crucial corporate governance document used when a company needs to formally remove a director from its board in Saudi Arabia. This document is typically required when shareholders or board members vote to terminate a director's appointment, whether for cause or as part of regular corporate governance changes. The resolution must comply with the Saudi Companies Law 2015, Corporate Governance Regulations, and the company's articles of association. It contains essential information including the meeting details where the removal was decided, voting results, director details, and effective date of removal. The document serves as the official record for the Ministry of Commerce and other regulatory bodies, and is necessary for updating the company's commercial registration. It's particularly important in ensuring transparent corporate governance and maintaining proper documentation of significant board changes.
