Hello out there
Quick question: How do we transfer directorship of our CIC to one of our volunteers as current directors need to finish?
We were all ready to close but the volunteer wanting to take over seems an ideal way to keep the project going for the community.
No monies involved, although there are directors loans outstanding that we are prepared to waive.
Simply promote the volunteer as a new Director, and then all the existing Directors can resign. If the volunteer is going to continue as a sole director, you need to make sure you adopt new articles of association that are suitable
best of luck