Leeds66's latest activity
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LLeeds66 replied to the thread UK governance sanity check – nominee director non-attendance & investor control.yes quroum of 2 and the minority shareholder has never attended any meetings and to add he has a strong veto an major parts of the business.
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LLeeds66 replied to the thread UK governance sanity check – nominee director non-attendance & investor control.!00% thats what we wil do 😀
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LLeeds66 replied to the thread UK governance sanity check – nominee director non-attendance & investor control.The investor is the nominated director. He has never attended a board meeting and has never engaged directly. We do not have direct...
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LLeeds66 replied to the thread UK governance sanity check – nominee director non-attendance & investor control.Thanks, that’s helpful. Yes, quorum is two under both the Articles and the SHA. There is no provision in the Articles allowing the...
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LLeeds66 replied to the thread UK governance sanity check – nominee director non-attendance & investor control.He’s been invited repeatedly for ~2 years and attendance is requested in every board pack. Papers go via the investor’s nominated...
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LLeeds66 replied to the thread UK governance sanity check – nominee director non-attendance & investor control.the main director owns the rest of the company. its a quorum of 2 directors. the 30% director is the issue
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LLeeds66 replied to the thread UK governance sanity check – nominee director non-attendance & investor control.Minority shareholder (~30%) holding preferred shares with veto rights and a nominated board seat. AGMs and board meetings have taken...
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LLeeds66 posted the thread UK governance sanity check – nominee director non-attendance & investor control in Legal, Employment and Insolvency.UK founders’ question: minority investor with strong veto + board seat, but their director hasn’t attended, emailed, or engaged for...