Thanks for the clarification! Unfortunate indeed if it is only 51%.
However regarding the fiduciary duties of directors there is a ready made defense here they can argue that the removal of board members is in the interests of Shareholders - even if we do not agree with this and consider it obviously untrue. A rationale has been given by MZ and much of this is subjective.
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Thanks for the clarification! Unfortunate indeed if it is only...
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