Appointment of MD

Dear members

plz help...

in case of the shareholders agreement (50% joint venture b/w two companies) if one ofshareholder shall have a right to appoint the managing director of the company then is there any requirement to pass a resolution in the AGM of the Company for the appointment of the nominated manageing director? Please note that the appointed managing director used to draw  remuneration from the appointing shareholder company & not from the company in which he is nominated.  

Thanks in anticipation