Food for thought...Public Companies Unlike private companies,...

Food for thought...

Public Companies Unlike private companies, the rules in a public company’s constitution will not apply when removing a director. Shareholders should follow this process to remove a director:two months before the shareholder meeting to remove the director, the shareholders must give notice of their intention to pass a resolution for the director’s removal. They must also give the director notice as soon as practicable; the director then has a right to put a case for their remaining in office by giving a written statement or responding verbally to the motion at the meeting; after the motion is discussed and the director has made a case for remaining in office, the shareholders hold the vote; and the director will be removed if a majority (i.e. 51% or more) of shareholders vote for their removal. Key takeaways: If shareholders of a company wish to remove the company director the process for doing so will vary depending on whether the company is private or public. In both cases, a majority vote of 51% or more will be sufficient to approve a director’s removal. However, this will not be the case for private companies if their constitution states otherwise.

HOWEVER (coincidently)
Is BSR still a public company??
If not then you have to look at the companies constitution. Has anybody read it?
The plot thickens.