Am I free to choose whoever I like to be my successor?

 

find out more

for expert advice on this topic, contact:
Robert Lee

related services

10. Am I free to choose whoever I like to be my successor?

In a company, directors are usually nominated by the board of directors and approved by the shareholders. The mechanism will depend on the company's articles of association, and any shareholders' agreement. If you both own a majority of the shares and control the board, this means that you will be able to nominate whoever you like as your successor.