In my opinion the best thing shareholders can do is boot the entire board and install a new independent board constituted of at least 2 lawyers.
That would then open up all possible avenues to seek remedy including the possibility of the company potentially pursuing past directors if it was/is warranted.
You can bet your arse the current board won't be giving up their posts without a fight.
Ann: Deed of Termination and Release , page-86
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