AK needs to show some progress or GO!!!! . Open the position for someone who has a bit of passion and direction to bring this company to success.
✅ Step-by-Step: Removing a Company Director in Australia1. Check the Company Constitution & Shareholder AgreementStart by reviewing:The Company Constitution – see if it sets out how directors can be removed.Any Shareholders’ Agreements – these may include specific rights or procedures.If the constitution is silent, Section 203D of the Corporations Act applies.2. Use Section 203D – Removal by ShareholdersUnder s203D of the Corporations Act, shareholders can remove a director of a public company (which includes many ASX-listed small caps), even if the company constitution says otherwise.Key Steps:Give at least 2 months’ notice before the general meeting where the resolution to remove the director will be proposed.The notice can be given by:The boardA group of shareholders with at least 5% of the votes or 100 shareholders who are entitled to vote
ROG Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
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