On Mon, 8 Jul 2002, Adam Todd wrote: > > > > > http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s203d.html > > > Don't know your Corporations law huh? > > > >No, I'm pleased to say I don't know my Corporations Law - and hope I never > >do. But apparently you don't either. > > > > > The Directors can initiate the process. > > > The Law is written to enable that. > > > >The part of the corporations law you referred to above enables members to > >remove directors. It says nothing about enabling directors to remove other > >directors. > > Oh I'm sorry. > > I did NOT realise that the DIRECTORS of auDA were NOT MEMBERS of auDA. Adam, My take on the above sentence is 'directors are also members; ergo they can vote to remove a director; and Mark is an idiot for not realizing this'. The *very next* section of the Act you quote states: "CORPORATIONS ACT 2001 SECT 203E 203E Director cannot be removed by other directors--public companies A resolution, request or notice of any or all of the directors of a public company is void to the extent that it purports to: (a) remove a director from their office; or (b) require a director to vacate their office. " - so if the preceding s203d applies; then 203e does too - meaning Directors can't do what you're saying they can. Please be quiet. Regards, SaliyaReceived on Fri Oct 03 2003 - 00:00:00 UTC
This archive was generated by hypermail 2.3.0 : Sat Sep 09 2017 - 22:00:06 UTC