Form with which the Directors of a corporation waive the necessity of an annual meeting of directors.
Franklin, Ohio Waiver of Annual Meeting of Board of Directors — Corporate Resolutions is a legal document used by corporations in Franklin, Ohio to waive the requirement of holding an annual meeting of the board of directors. This document allows the board of directors to forgo the traditional practice of conducting an in-person meeting and instead opt for a written resolution to address and approve important matters. By utilizing this waiver, corporations can save time and resources associated with organizing a physical meeting, especially when the matters to be discussed do not necessitate a face-to-face gathering. This waiver ensures convenience and flexibility while still maintaining corporate governance and decision-making procedures. Keywords: Franklin, Ohio, waiver, annual meeting, board of directors, corporate resolutions, legal document, requirement, written resolution, in-person meeting, approval, matters, save time, resources, convenience, flexibility, corporate governance, decision-making procedures. Types of Franklin, Ohio Waiver of Annual Meeting of Board of Directors — Corporate Resolutions can be categorized based on specific purposes or situations. Some possible variations include: 1. General Waiver of Annual Meeting: This type of waiver can be used when the board of directors unanimously agrees to forgo the annual meeting altogether, regardless of the matters to be discussed or approved. 2. Limited Purpose Waiver: This type of waiver is used when the board of directors only wishes to waive the annual meeting for specific matters or resolutions, while still intending to hold an annual meeting for other purposes. 3. Emergency Waiver: This type of waiver is employed in urgent situations where waiting for an annual meeting would cause significant delay or harm to the corporation. The board of directors can waive the meeting to address and resolve the emergency matter promptly. 4. Waiver for Routine Matters: This type of waiver is utilized when the board of directors anticipates that the matters to be discussed in the annual meeting are routine and can be efficiently addressed through written resolutions. It allows the board to waive the meeting for matters that don't require extensive discussion and can be handled in a streamlined manner. By distinguishing between different types of waivers, corporations can tailor the document to their specific needs and ensure that the waiver aligns with the purpose and scope of the resolution. Overall, the Franklin, Ohio Waiver of Annual Meeting of Board of Directors — Corporate Resolutions provides corporations with the flexibility and convenience to bypass the traditional practice of conducting an annual meeting while still upholding corporate governance and decision-making processes.
