Corporations Code - CORP - CORP § 9212

Summary

(a) Subject to any provision in the articles or bylaws: (i) the board may, by resolution adopted by a majority of the number of directors then in office, provided that a quorum is present, create one or more committees, each consisting of two or more directors, to serve at the pl

Text

(a)
Subject to any provision in the articles or bylaws: (i)
the board may, by resolution adopted by a majority of the number of directors then in office, provided that a quorum is present, create one or more committees, each consisting of two or more directors, to serve at the pleasure of the board; and (ii)
appointments to such committees shall be by a majority vote of the directors then in office. The bylaws may authorize one or more such committees, each consisting of two or more directors, and may provide that a specified officer or officers who are also directors of the corporation shall be a member or members of such committee or committees. The board may appoint one or more directors as alternate members of such committee, who may replace
any absent member at any meeting of the committee. Such committee, to the extent provided in the resolution of the board or in the bylaws, shall have all the authority of the board, except with respect to:
(1)
The approval of any action for which this part also requires approval of the members (Section 5034) or approval of a majority of all members (Section 5033) regardless of whether the corporation has members.
(2)
The filling of vacancies on the board or in any committee which has the authority of the board.
(3)
The fixing of compensation of the directors for serving on the board or on any committee.
(4)
The amendment or repeal of bylaws or the adoption of new bylaws.
(5)
The amendment
or repeal of any resolution of the board which by its express terms is not so amendable or repealable.
(6)
The appointment of committees of the board or the members thereof.
(b)
A committee exercising the authority of the board shall not include as members persons who are not directors. However, the board may create other committees that do not exercise the authority of the board and these other committees may include persons regardless of whether they are directors.
(c)
Unless the bylaws otherwise provide, the board may delegate to any committee powers as authorized by Section 9210, but may not delegate the powers set forth in paragraphs (1) to (6), inclusive, of subdivision (a).
(d)
The board shall take the actions regarding audit committees that are
required by subdivision (e) of Section 12586 of the Government Code, if applicable.

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• #1 | Corporations Code - CORP - CORP § 9212

  (a) Subject to any provision in the articles or bylaws: (i) the board may, by resolution adopted by a majority of the number of directors then in office, provided that a quorum is present, create one or more committees, each consisting of two or more directors, to serve at the pleasure of the board; and (ii) appoin…