‹ HC-1.4.12 HC-1.5 Representation of all Shareholders › HC-1.4.13 Where a Chief Executive Officer of a licensee, who is also a Board member, no longer occupies the CEO position, whether due to resignation, retirement or termination, his/her Board Membership must also be immediately terminated. Added: January 2020 ‹ HC-1.4.12 HC-1.5 Representation of all Shareholders ›