For Bonchon, what is the procedure for submitting written proxies for member meetings, and to whom must they be submitted?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
Except as set forth below, any suspension or expulsion of any member shall be referred by the Board to the membership for a vote on expulsion and any expulsion shall require the affirmative vote equal to or greater than 75% of the votes cast (in person or by proxy) at the membership meeting convened inter alia to consider such actions.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
The 2025 Bonchon Franchise Disclosure Document (FDD) outlines some details regarding voting by proxy. Specifically, in the context of membership votes on expulsion, members can vote in person or by proxy.
However, the FDD does not provide comprehensive details on the exact procedures for submitting written proxies, such as specific forms, deadlines, or the designated recipient. The document only mentions that for expulsion matters, votes can be cast "in person or by proxy".
Therefore, prospective Bonchon franchisees should directly inquire with the franchisor about the detailed procedures for submitting written proxies, including any required forms, submission deadlines, and the designated recipient for these proxies, to ensure full participation in member meetings and voting processes.