In the absence of a specific statute, the board cannot remove a director with or without cause. Directors only act by voting at board meetings. Directors are the managers of the business Directors set corporate policy and make key decisions Directors appoint the officers to carry out the corporate policies Directors only act by voting at board meetings. Shareholders Officers Piercing the Corporate Veil Interference with Shareholder Franchise Shareholders Directors Officers Piercing the Corporate Veil Interference with Shareholder Franchise Corporate Structure