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Is there a Directors agreement please?Alex
Does it say in your Memorandum of Association that Directors can vote?
OK - if its an EGM rather than a Directors meeting then only Directors (or shareholders) can vote out a Director.
This is because its a shareholder decision.
If it was just a Board meeting then all Directors could vote.
Can I clarify anything for you about this today please?Alex
Yes it does. The 20% cant reject if it is ONLY a Directors meeting. Its not an EGM.
Does that clarify? Alex
A 5% shareholding can call an EGM. An EGM could reverse it yes.