Quote Originally Posted by Michael Lo View Post
Exactly, it is a waste of time and no point even in responding to it. Let's move on.
It is also an illegal procedure. The NFP Act define how to remove a Director from office and that requires a motion from the VM at special meeting, not a regular meeting. The required majority is set at 50%+1 and cannot be increased.

The procedure is called a removal, not an impeachment.

There is no ground for removal and such a removal would have a negative impact on the public image of the CFC and should be avoided except in cases of dire necessity.

Quote Originally Posted by NFP Act
Removal of directors

130 (1) The members of a corporation may by ordinary resolution at a special meeting remove any director or directors from office.
Marginal note:Exception

(2) A director elected by a class or group of members that has an exclusive right to elect the director may only be removed by an ordinary resolution of those members.
Marginal note:Vacancy

(3) A vacancy created by the removal of a director may be filled at the meeting of the members at which the director is removed or, if not so filled, may be filled under section 132.