Question
James, Sally and John are members in Azgard Pty Ltd and they each own respectively 20%, 10% and 51% of the shares of the company.
James, Sally and John are members in Azgard Pty Ltd and they each own respectively 20%, 10% and 51% of the shares of the company. The rest of the shares are divided between Thor (4%), Athena (7%), Ether (4.5%) and Susan (3.5%). The directors of the company are Michael and Oscar.
Thor and Susan want to call for a meeting to remove Michael from his position as a director. They would also like to pass a resolution in a members' meeting to change the company's environmental policy. Thor and Susan are aware that the directors of the company will not help them with these matters unless the law requires them to do so.
Can Thor and Susan call for the meeting?
Also use the MIRAT method for solving problem-based questions as a framework for this question
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