How they will be able to overturn directors decision

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Question 

Tnami Pty Ltd held its board of directors meeting on 6 January 2023. At that meeting, the board decided to borrow an additional $300m in order to expand into a new line of business manufacturing batteries to store excess electricity from solar panels. All the directors voted in favour of the decision to borrow.

Ethan and Austen are brothers. Together, they hold 65% of the shareholder voting power of the company but neither of them is a director of the company. The company has 5 directors on the board.

Advise Ethan and Austen how they will be able to overturn the directors' decision and what they will have to do in order to change that decision.

Reference no: EM133388954

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