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The Orange County Transportation Authority (OCTA) is the transportation planning commission for Orange County, California, in the Los Angeles metropolitan area.OCTA is responsible for funding and implementing transit and capital projects for the transportation system in the county, including freeway expansions, express lane management, bus and rail transit operation, and commuter rail funding ...
An outside director is a member of the board who is not otherwise employed by or engaged with the organization, and does not represent any of its stakeholders. A typical example is a director who is president of a firm in a different industry. [11] Outside directors are not employees of the company or affiliated with it in any other way.
Other officers, the board of directors, and committees may give their reports. [2] [5] [6] Attending this meeting are the members or the shareholders of the organization, depending on the type of organization. At such meeting, the Company Secretary of the Company plays a crucial role in convening, conduct, and to attend the meeting.
In some settings, this is known as a special general meeting or an emergency general meeting. In the United Kingdom, the directors of a public company must convene an EGM if the net assets fall to half or less of the amount of its called-up share capital (section 656 of the Companies Act 2006). Shareholders who meet certain criteria can ...
The HOA president is the CEO of the not-for-profit corporation, with all of the general powers and duties normally associated with that role.
The duty of directors to produce a directors' report once a year is found in the Companies Act 2006 section 415. Under section 416, the contents must include the directors' names and the company's principal activities. The critical requirement is found in section 417(1). A business review must be carried out, though this is only for large ...
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