Understanding Demission: Resignation, Employment, and Professional Associations

Demission is a legal term that refers to the act of formally resigning or giving up one's position, office, or membership in an organization. It is often used in the context of corporate governance, where directors or officers may demit (resign) from their positions.

In the context of employment, demission may refer to the process of an employee leaving their job, either voluntarily or involuntarily. In this case, the employee may be required to give notice to their employer and complete any outstanding tasks before their departure.

Demission can also refer to the act of a member leaving a professional association or organization. In this case, the member may need to formally notify the organization of their intention to leave and may be required to pay any outstanding fees or dues.

Overall, demission is a formal process that involves the termination of one's position or membership in an organization, and it is important to understand the specific rules and procedures that apply in each context.