MCB 11% shareholding is considered as being a significant stake in the company, and therefore he is able to lobby for a directorship with something less than 50%,
My understanding is that the BOD had the right to reject his request to give him or his puppet director a seat on the board.
Since the Chairman and other board members resigning it will make it easier for MCB to install a director.There may be other ways to get a board seat in a company by reading the company’s constitution.
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Last
$9.91 |
Change
0.030(0.30%) |
Mkt cap ! $6.666B | |||
| Open | High | Low | Value | Volume |
| $9.87 | $9.92 | $9.78 | $27.55M | 2.800M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36006 | $9.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.93 | 11570 | 2 |
View Market Depth
| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| AGL (ASX) Chart |