- 9 Marks
BCL – Nov 2024 – L1 – Q1b – Company Directors and Other Officers
Can the Minister for Trade revoke Alidu's board appointment, and what remedies are available to Alidu?
Question
b) Alidu is a board member of Puduo Company LTD, a limited liability company with 5% shareholding by the Ghana Government. Alidu was appointed to the board three years ago by the Founder/Executive Chairman and majority shareholder of the company, Alhassan Morro. In accordance with the regulations of the company, he is entitled to appoint five of the nine-member board. Two of the board members represent worker groups and the other two come from other shareholders including the government. Alidu consented in writing to his appointment but the Minister for Trade just announced the revocation of Alidu’s appointment to the board. Alhassan Morro called Alidu to inform him that the government’s announcement was null and void and should be ignored.
Required:
i) Explain whether the Minister for Trade was justified in nullifying the appointment of Alidu. (6 marks)
ii) What TWO remedies, if any, are available to Alidu in the circumstance of this case? (4 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Board Appointments, Company Directors, Minister for Trade, Remedies, Shareholding
- Level: Level 1
- Topic: Company directors and other officers
- Series: Nov 2024