Franz is a director of Blue Sky Ltd. The constitution of Blue Sky Ltd provides that Franz will act as a director for 5 years from the date of his appointment. 3 months after being appointed, Franz has decided he no longer wants to be a director of Blue Sky Ltd. Franz can resign by giving the company written notice of his resignation notwithstanding the 5-year period required by the constitution.

Question

Quizplus · Accepted Answer

Directors generally have the right to resign from their positions at any time by giving written notice to the company, despite any fixed term specified in the company's constitution or agreement.

Franz Is a Director of Blue Sky Ltd