Nicole is the development director in the new product department and was recently assigned to development director in the marketing communications area. this is a lateral move that doesn't change her level of responsibility. this is an example of a transfer.
What is director?
At the company's annual general meeting, shareholders typically elect directors (AGM). When the appointment is put to a vote, it is approved if indeed the majority of shareholders do so. A vote may occasionally be required at such an Extraordinary General Meeting (EGM), for instance, if a director leaves suddenly or a vacancy arises without warning. In such event, the remaining directors may appoint a new director on a temporary basis, but such appointment shall be subject to confirmation by the shareholders as soon as practicable. Companies have different procedures for naming new directors, and the specific procedure is typically outlined in the company's articles of association.
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