The corporation's officers are appointed by the board, and can be removed by the board. As noted, members of the board of directors are always elected by the shareholders. In cumulative voting, a shareholder may aggregate his votes in favor of fewer candidates than there are slots available. There are 3 board slots. This makes it more likely that a minority shareholder will be able to obtain at least one seat on the board.
Most statutes require at least three directors.
A director holds office not only for the term for which he is elected, but until his successor is elected and qualified . Modern statutes also generally say that a court may order a shareholder removed, but only for cause . But in most states a director may not be removed by his fellow directors , even for cause. The frequency for regular meetings is usually specified in the bylaws. No notice is necessary for a regular meeting.