What action must a director take if they wish to resign from their position?

A director wishing to resign from their position is required to submit a written resignation. This formal step ensures that the organization has a clear and documented record of the director's intent to leave their post. Written resignations provide legal clarity and help prevent any disputes regarding the director's departure.

Other options do not reflect standard procedures for resignation. Filing for bankruptcy is unrelated to the resignation process and pertains to financial insolvency matters. Notifying shareholders at a meeting may be appropriate for transparency but does not satisfy the legal requirement to submit a resignation. Waiting until the next scheduled election is incorrect; directors do not have to remain in their roles until a predetermined time if they choose to step down sooner through a resignation. Thus, a written resignation is the correct and necessary action a director must take when resigning.