nominee director

[hitman]

in notices of general meeting, i have seen that in the name of directors to be elected, the name of nominee directors of NIT is included. while i have heard that nominee directors are appointed and not elected.

[ciapk]

Yes you have correctly understand that Nominee directors are nominated and are not elected in the election. there may be some error in the notice.

[hitman]

if NIT is a member of a company, then the nominee director of nit will be elected? what will be the position if nit is a creditor?

[noman]

NIT will get its reprentatives elected by voting them in through proxy, being a member...

NIT since t will have some shares held in name of such representatives...who will be deemed as members by the company, and hence eligible to be elected

[hdblue]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by noman</i>
<br />NIT will get its reprentatives elected by voting them in through proxy, being a member...

NIT since t will have some shares held in name of such representatives...who will be deemed as members by the company, and hence eligible to be elected
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

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