Was weinberger correct in the given situation

Assignment Help Management Theories

Reference no: EM131379272

The bylaws of Jameson Enterprises, Inc., required a 70 percent supermajority to establish a quo rum sufficient to hold a meeting to remove a director from the board. The bylaws also designated a meeting with such a purpose as a special meeting. The board consisted of ten direc tors. Six showed up at the meeting. Of the four who failed to attend, three were in Europe.

The fourth, Weinberger, was not notified of the meeting because he was the one to be removed. The six directors attending the meeting first voted to change the bylaws to require only 60 percent of the directors to establish a quorum sufficient to hold a special meeting. The six directors then unanimously voted to remove Weinberger.

When Weinberger found out about the mee t ing, he objected to the vote and claimed that the entire procedure was void. Was Weinberger correct? Explain.

Reference no: EM131379272

Questions Cloud

What is future value of cash flow pattern end of year five : These cash flows will be placed in a saving account that pays 16.14 percent per year. What is the future value of this cash flow pattern at the end of year five?

What percent of storms produce rainfall with ph over 6 : Acid rain. Based on long-term investigation, researchers have suggested that the acidity (pH) of rainfall in the Shenandoah Mountains can be described by the Normal model N(4.9, 0.6).

Prepare an office memorandum : Prepare an office memorandum to answer this question: You are a paralegal working in Plentibux & Moore, a boutique Atlantic City, New Jersey law firm that specializes in white-collar criminal defense

Explain economic relationship between china and singapore : Briefly explain the economic relationship between China and Singapore and Joint government projects or Foreign direct investment between Singapore and China

Was weinberger correct in the given situation : When Weinberger found out about the meeting, he objected to the vote and claimed that the entire procedure was void. Was Weinberger correct? Explain.

Opinion editorial for the daily universe : Write a three page (double-spaced) opinion editorial for the Daily Universe on a topic of your choice.

Statements to the office of personnel management : An insurance company did not follow applicable rules when setting rates, it charged for healthcare benefits under its Federal Employees health Benefits Program (FEHBP) contracts, submitted statements to the Office of Personnel Management (OPM) that..

Were the directors correct in given case : For their part, the directors argued that because their decision was made in good faith and was legal, they were protected by the business judgment rule. Were the directors correct?

Identify economic trends of the health care payment system : Identify at least 3 economic trends of the health care payment system. Identify ethics and compliance issues associated with those trends.

User Account

All Pages