Self-Perpetuating Board

Practical Law Canada Glossary w-012-3455 (Approx. 2 pages)

Glossary

Self-Perpetuating Board

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Means a not-for-profit (NFP) organization in which all directors are members and there are no members other than the directors. If a self-perpetuating board structure is adopted, the board is impervious to being overthrown by a dissident group of members. Also called a director-driven structure or closed membership.
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