RHK 5.41% 78.0¢ red hawk mining limited

We can all Win- 11/6 at 19.20 post, or we can all loose as well., page-194

  1. 12,161 Posts.
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    @PS,

    I don't think the shareholders can force the Board to deal with a party or individual, but with at least 20% of the voting power they can exert pressure to nominate a director either to fill an existing vacancy or they could seek the removal by way of forcing an EGM and having it go to vote. The other option is for a director to have an "alternative director" nominated and consented then exercise the alternative director if there was a lack of skills in the existing Board that the alternative could fill. I would have to check the details on these comments if a specific case came to mind but as a general forum discussion I think it is broadly correct.

    I am sure if I am incorrect that someone will leap forward and eat me alive and post some derogatory observation and usurp what I just posted but at 7:45pm I really don't have an appetite to rush off and check the books, sorry for being lazy.

    Cheers
 
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