DerisionConsulting
the small of his back
It probably was just bad writing for the sake of a forced story line, but the board can (generally) vote out the chair, and the shares going from a deceased person to another entity is called transmission. Transmissions do generally require the directors to sign a resolution or two though, and if they voted him out as the chair, then they likely would do what they could to prevent the transfer of the shares.
And even if they booted him as chair of the board, it likely wouldn’t have much of a financial effect.
Honestly, it’s possible, but I’ve never seen the show, and I don’t know if they break down the corporate structure.
Owning a majority of the stocks in a corporation, doesn’t automatically mean you have any real power.
Having the majority of shares, even if they are voting shares, doesn’t mean you are part of the board of directors. And if the shares that MC held were retractable and redeemable, even if they are voting shares, then the board can force the shareholder to redeem (aka sell) them back to the corporation, often at a pre-set price.
“But, the voting shareholders decide who’s on the board, and he had the majority of the shares!” I heard you say.
Again, does he actually have voting shares, or just the majority of the shares issued?
Do we know what constitutes a quorum of the shareholders according to the bylaws of the corporation? AKA if he has 51% of the shares, but they need persons holding at least 60% of the voting shares in order to hold a vote, can he get enough shareholders together to hold a vote to change the directors before the directors vote that need needs to redeem his shares?
Was he completely forced to sell/redeem his shares, or was his officer role just removed? (aka, he’s no longer the President, the Secretary-Treasurer, or whatever). Shareholders are a step removed from choosing who the Officers are. Generally, Shareholders choose the Directors, the Directors choose the officers, and the Officers are the ones who issue the shares (even though they are often compelled to sign the share certificates by the Directors, the bylaws, or other resolutions).
So if he owns the majority of the shares, and was an officer, then he could very easily be removed as an officer, assuming that there wasn’t a stipulation in his original appointment. Again, I would need to see the articles, the bylaws, any Unanimous Shareholder Agreements, resolutions, and other agreements.
Also, everything I wrote might not be valid in your jurisdiction. Don’t take the late-night ramblings of anyone online as legal advice.
People answering a question like “Would you like to do X, or Y?” with “yes.”
I didn’t fucking ask “Would you like to do X or Y?”, so put down whatever solvent you are chugging, then give me your choice.
The law, in basically everything.
I love that the league for 1 of 2 of the sports that Canada plays at a high level are speaking against this. The people actually involved with the sports say that it’s no an issue, so other than just because you need a minority to bully in order to maintain power with your voter-base, why should we reckon it is?
What about banning tall kids from Basketball or short kids from gymnastics?
Neither are fair for everyone when someone under 1.5m can compete with someone over 2m.
Akathisia seems like a nightmare to live with, and she also has RC Bipolar 2.
Complete physical and metal unrest, I can completely understand her wanting relief.
It does sound like the process for MAiD wasn’t followed, and you need to use the correct path.