According to the Bonchon FDD, what are the primary responsibilities of the Secretary of the Board?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
The Secretary shall be the secretary of, and keep the minutes of, all meetings of the Board and of the members; shall be responsible for giving notice of all meetings of the membership and of the Board; and, shall keep the Corporation's seal and, when authorized by the Board, shall apply it to any instrument requiring it. Subject to the control of the Board, he or she shall have such other powers and duties as the Board or the President assigns to him or her. The Board may, in its discretion, appoint an Assistant Secretary who shall possess and discharge such powers and duties as the Board may prescribe. In the absence of the Secretary from any meeting, the minutes shall be kept by the person appointed for that purpose by the chairman of the Board.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the Secretary of the Board has several key responsibilities. The Secretary is responsible for keeping the minutes of all meetings of the Board and of the members. This involves accurately recording the discussions, decisions, and actions taken during these meetings, which serves as an official record of the Corporation's activities.
Another primary duty of the Secretary is to provide notice for all meetings of the membership and of the Board. This ensures that all relevant parties are informed about upcoming meetings, allowing them to attend and participate in important discussions and decisions. The Secretary is also responsible for maintaining the Corporation's seal and applying it to any instrument when authorized by the Board, which authenticates official documents and agreements.
Subject to the control of the Board, the Secretary also has other powers and duties as assigned by the Board or the President. The Board may also appoint an Assistant Secretary to help discharge these duties. In the absence of the Secretary from any meeting, the minutes will be kept by a person appointed by the chairman of the Board.