I agree that those 2 exceptions could easily be applied
It is intended to enforce a personal claim or redress a personal grievance against the corporation, or its directors, officers, members or...
Type: Posts; User: Pierre Dénommée; Keyword(s):
I agree that those 2 exceptions could easily be applied
It is intended to enforce a personal claim or redress a personal grievance against the corporation, or its directors, officers, members or...
Not really, 5% of the VM can do that on their own.
Source Industry Canada http://www.ic.gc.ca/eic/siTe/cd-dgc.nsf/eng/cs05006.html
It is also an illegal procedure. The NFP Act define how to remove a Director from office and that requires a motion from the VM at special meeting, not a regular meeting. The required majority is set...