Comment by tptacek
7 hours ago
Minority shareholder rights do not generally include a right to remove officers of the company unilaterally.
7 hours ago
Minority shareholder rights do not generally include a right to remove officers of the company unilaterally.
Minority shareholders rights generally include a right to fairness, transparency, and protection against abuse by majority shareholders, all of which were violated here.
If there are enough of them it certainly does.
All you need is a quorum at the next board meeting. In this case that would have never worked but in the general case it could definitely happen.
But you can advocate for it.