Question
Alex is a member of Acme Ltd, a public company listed on the ASX. Acme Ltd's constitution provides that each ordinary shareholder is to be
Alex is a member of Acme Ltd, a public company listed on the ASX. Acme Ltd's constitution provides that each ordinary shareholder is to be given a copy of all proposed resolutions (both ordinary and special) at an upcoming members' meeting in the notice of meeting. Alex and many other shareholders have been dissatisfied with Acme Ltd's management for some time due to the company's consistently poor performance and declining share price. Alex decides to actively campaign against the current board of directors, by contacting all of the company's members and asking them to direct their proxies to him at the next AGM so that he can vote out the current chairman of the board who appointed the company's senior management team. Alex hopes that this will send a message to the remaining board and the senior management team that they need to improve their performance. (a) How could Alex contact all of the members of Acme Ltd? How might Acme Ltd be able to prevent Alex from contacting all of the company's members?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started