1.7 Directors: Qualification, Appointment, and Remuneration of Directors and Removal of Directors

Qualification: the Act's floors (the share-qualification's abolition in the modern acts — the old "director's share" gone; the citizenship-and-capacity faces; the disqualifications: the insolvent, the convicted (the moral-turpitude faces), the conflict-of-interest classes (the auditor's-and-auditor's- employee bar of Unit 3), the over-boarding limits). Appointment: the first board (the subscribers'/ articles' route) and the rotation (the retiring-by-rotation's class system; the casual vacancies' filling; the election's machinery — the AGM's vote, the proportional-representation faces of the current regime for the listed). Remuneration: the Act's disciplines (the articles'-and-meeting's approval faces; the sitting fees, the commission's percentage caps, the stock options' modern faces; the disclosure's duty); the remuneration committee's practice. Removal: the ordinary resolution's power (the shareholders' recall before the term — the notice's special-discipline, the director's hearing right (the natural-justice face)); the removal's limits (the rotation's timing games; the contractual compensation's question — the "fat cat's" golden-parachute debate); the tribunal's-and-court's faces where the removal's abuse (the oppression's link — Unit 4).