Removal of director in directors'' meeting or shareholders

Assignment Help Business Law and Ethics
Reference no: EM131021112

1 daughte and her husband are not happy with company's management (by managing director) and another daughter and husband also agree.Question: what can they do? Removal of director in directors' meeting or shareholders' meeting (because directors are shareholders in this company)? Change company's constitution to restrict managing director's power to act without first obtaining other directors' consent?

But the last one may not be possible because it requires special resolution and there is only 67% vote in favour right?

Reference no: EM131021112

Questions Cloud

Summarize the sarbanes-oxley of 2002 : Summarize the Sarbanes-Oxley of 2002 as it relates to U.S. business operations. Explain the governance principles of regulatory compliance requirements related to Sarbanes-Oxley.
Current market price of the stock : McIver's Meals, Inc. currently pays a $2 annual dividend. Investors believe that dividends will grow at 20% next year, 12% annually for the two years after that, and 6% annually thereafter. Assume the required return is 10%. What is the current ma..
What is the most you would be willing to pay : Suppose that eLake, an online auction site, is paying a dividend of $2 per share. You expect this dividend to grow 2 percent per year, and the interest rate is 10 percent. What is the most you would be willing to pay for a share of stock in eLake?..
Theresas flower garden has 750 bonds outstanding that are : Theresa's Flower Garden has 750 bonds outstanding that are selling for $989 each, 2,500 shares of preferred stock with a market price of $47 a share, and 30,000 shares of common stock valued at $56 a share. What weight should be assigned to the commo..
Removal of director in directors'' meeting or shareholders : Removal of director in directors' meeting or shareholders' meeting (because directors are shareholders in this company)?
What is the value of the cpi : Given the above information, what is the value of the CPI in 2015 when the base year is 2013 and what is the value of the CPI in 2015 when the base year is 2014? Assume that the CPI is measured on a 100-point scale and is rounded to the nearest wh..
Find the vertex and intercepts of function : Find the vertex and intercepts of function f(x)=x2+x-2. Graph the linear equation y=2/3(x)-2. Find the x and y intercepts of 4x+3y=-12.
How much in total would she have received : A winner of the Pennsylvania Lottery was given the choice of receiving $18 million at once or $1,440,000 per year for 25 years. If the winner had opted for the 25 annual payments, how much in total would she have received?
Same discount rate to determine the bond values : A 6% coupon bond, an 8% coupon bond, and a 10% coupon bond, all with the same maturity, bond covenants and other provisions, are issued by the same firm under equal market conditions; therefore investors use the same discount rate to determine the bo..

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd