We have a small, family run corporation. The president will not follow the decisions of the board of directors or shareholders. Can anything be done?
Answer
As a Franchise Attorney I can advise as follows. You would do the same thing as any other corporation - fire him or her. Check with your bylaws to see what procedure needs to be followed, if there is one spelled out. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
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