removal of a director 2. Removal. Unless otherwise provided in the articles of incorporation of the CompanyCorporation, the shareholders may, by resolution, remove a director at a special general meeting called for that purpose.
The removal of a director, as well as his election, shall be at the discretion of the shareholders. A director may be removed at any time and such removal need not be based on any particular grounds, whether serious or not. Neither the CompanyCorporation nor the shareholders voting in favour of the removal shall incur any liability toward the director by the mere fact of his removal, even if there be no grounds therefore.