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These matters are generally set forth in the corporation's by-laws. As a general matter, the board of directors, not the president, has authority to remove any officer. However, the president may have authority to terminate the compensation of any employee (which is not the same as removing that person from his or her officership)....
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These matters are generally set forth in the corporation's by-laws. As a general matter, the board of directors, not the president, has authority to...
Read More