On 25 July 2012 22:40, geni <geniice(a)gmail.com> wrote:
On a purely technical level looking at the Articles of
Association Fae
can resign. Alternatively its possible that he could be removed by a
general meeting (although it isn't entirely clear) Since the AGM is 10
months away an EGM would be required. A final option is that the
directors could remove him as a member which has the effect of
removing him as a director. Takes 21 days mind.
The power of the members to remove a director by ordinary resolution
comes from the Companies Act 2006, rather than the Articles. The power
definitely exists, though. Calling an EGM would require either a board
resolution or 5% of members to request it.
Personally, I'm waiting to see what Fae and the board do before I
decide how to proceed with this situation.