Question
Sam owns 15% of the shares in Green Energy Limited. He is unhappy with a director of the company. At an annual general meeting Sam
Sam owns 15% of the shares in Green Energy Limited. He is unhappy with a director of the company. At an annual general meeting Sam raised his concerned about the director, but no action was taken. Sam is furious because he thinks the company directors are ignoring him. Sam would like your advice on whether he can force the board of Green Energy Limited to call an extraordinary general meeting so that a resolution can be considered which removes the director.
Using your knowledge of Australian company law, advise Sam:
(a)what type of resolution would be needed to remove the director
(b)what are the legal options to force the board to call a meeting, and which option you would recommend and why
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