Sam owns 15% of the shares in Green Energy Limited. He is unhappy with the director of
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Question:
Sam owns 15% of the shares in Green Energy Limited. He is unhappy with the director of the company. At an annual general meeting, Sam raised his concerns about the director, but no action was taken. Sam is furious because he thinks the company directors are ignoring him. Sam would like your advice on whether he can force the board of Green Energy Limited to call an extraordinary general meeting so that a resolution can be considered which removes the director.
Using your knowledge of Australian company law, advise Sam:
- What type of resolution would be needed to remove the director?
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
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