QUESTION
president's authority over officer's
Asked on Feb 01st, 2013 on Corporate Law - North Carolina
More details to this question:
Can a president over a corp. have a right to remove any officer or partner that could be damaging the company..
1 ANSWER
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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).
Answered on Feb 02nd, 2013 at 3:26 PM