PER percheron therapeutics limited

Shareholder Removal of a DirectorShareholders may collectively...

  1. 14,657 Posts.
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    Shareholder Removal of a DirectorShareholders may collectively own the company of which they are shareholders. However, they do not ordinarily have much direct control over its management. This is left to the directors. However, shareholders will have ultimate control over a company due to their power to vote for the appointment and removal of directors. If a director has committed a serious breach of their director’s duties, then shareholders can bring legal action against them. For example, by failing to disclose a conflict of interest or engaging in insolvent trading, a director is in breach of their duties.

    https://legalvision.com.au/how-to-remove-a-director-from-a-company/


    one cannot just sack Directors who haven’t breached any constitutional policies..
    Directors will fight the breach and will cost Per millions



    Last edited by itsagas: 16/01/25
 
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