factual

If both the Chairman and all Vice Presidents are absent from a Bonchon membership meeting, who is responsible for choosing the acting chairman?

Bonchon Franchise · 2025 FDD

Answer from 2025 FDD Document

At every meeting of the membership, the Chairman of the Board, or in his absence a Vice President, or in the absence of the Chairman and all of the Vice Presidents, a chairman chosen by the members, shall act as chairman; and the Secretary, or in his absence, a person appointed by the chairman, shall act as secretary.

Source: Item 23 — RECEIPTS (FDD pages 92–536)

What This Means (2025 FDD)

According to Bonchon's 2025 Franchise Disclosure Document, the process for selecting a chairman for membership meetings is clearly defined. The standard order of succession dictates that the Chairman of the Board presides over these meetings. However, in the Chairman's absence, a Vice President steps in to fulfill this role.

Should both the Chairman and all Vice Presidents be absent, the responsibility of selecting an acting chairman falls to the members present at the meeting. In this scenario, the members themselves will choose an individual to preside over the meeting. This ensures that the meeting can proceed in an organized manner, even if the designated leaders are unavailable.

This protocol ensures that Bonchon membership meetings can continue efficiently, regardless of unforeseen absences. By empowering the members to choose a chairman in the absence of the usual leadership, Bonchon maintains a functional and democratic approach to its organizational meetings.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.