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Ultimately the directors are always elected by the shares, and unless there is something really strange about the voting rights, someone owning a controlling in
by Umalu 16y ago
Ultimately the directors are always elected by the shares, and unless there is something really strange about the voting rights, someone owning a controlling interest in the shares should be able to control election to the board, which in turn would allow that person to control the board. Controlling the shares + controlling the board = controlling the company.
- staunch 16y agoThe shares do elect, but the owner of the shares can be required to vote a certain way. You could sell 90% of your shares and add a "ELECTION OF BOARD DIRECTORS" clause to the agreement. This is the same way drag along rights work.