Question:
Please answer the following questions regarding members’ rights quoting the appropriate statutory references:
a) You have been a member of LP Limited for about 2 years and now have some concerns over several paragraphs in the company’s constitution. You been told that the company’s constitution cannot be altered unless a unanimous resolution is passed at a general meeting. Is this advice correct?
b) You are member of LP Limited and could not attend the recent Annual General Meeting (AGM). You want to know what resolutions were passed at the meeting. What can you do to obtain this information?
c) Despite the company’s poor performance over the last 12 months, the directors at this recent AGM presented to the members a proposal to substantially increase their remuneration which has infuriated several members including yourself. What if any action can you take with respect to this proposal by the directors?
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