We can put forward a Members Resolution to remove the Directors if 100 members agree:
Members' resolutions mce-anchor
(1) The following members may give a company notice of a resolution that they propose to move at a general meeting:
(a) members with at least 5% of the votes that may be cast on the resolution; or
(b) at least 100 members who are entitled to vote at a general meeting.
(2) The notice must:
(a) be in writing; and:
(b) set out the wording of the proposed resolution; and
(c) be signed by the members proposing to move the resolution.
I do not see where you require more than 50% of shareholders to approve the removal- I assume it would be the same as all other resolutions ie based on a majority vote?
Can anyone clarify...
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